The Fraud Examiner
Enron, WorldCom Sparked Auditor’s Interest in Fraud
ACFE Member Profile
Major accounting frauds – and the new rules that followed -- set Patrick Brogan, CFE, CPA, CIA, down the path to becoming a Certified Fraud Examiner. Brogan is president of PBC Global, a firm that specializes in internal audit, compliance, accounting and reporting specialists. He has found that being a CFE and staying active through his ACFE chapter and other opportunities has helped him make the most of his career.
What first interested you about the ACFE and influenced you to earn the CFE credential?
I started my career at Ernst & Young in external audit and fraud was always an underlying concern for each audit we completed. Once WorldCom and Enron and subsequently Sarbanes-Oxley happened, I shifted my focus to working more with internal controls and compliance. With fraud becoming increasingly urgent from an audit and controls standpoint, I thought it would be a good idea to expand my education related to fraud, gain an understanding of the ACFE and seek the CFE credential.
What advantage(s) do you think being a CFE has provided in your career?
With the increased attention related to fraud in the media and on the minds of company executives, it certainly gave me an opportunity to discuss what I had learned in the process of obtaining the CFE with them. The CFE credential showed that I had the interest in fraud and was versed enough on the subject to obtain the CFE credential. I think it has been very positive in opening up doors to discuss and spread what I have learned related to fraud.
What are some ways you’ve been able to apply your CFE training to your job?
The current focus of my career is internal control and compliance. Having the CFE training and fraud related experience has given me the ability to increase the depth and breadth of my internal control audits to include the analysis of the risks and ramifications of fraud. Knowing some of the red flags to look for has helped me follow up on suspicious and anomalous data.
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