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    Internal Auditors, CFEs Become In-House Experts on Fraud Prevention 

    Alishah F. Janmohamed, CFE, CA  

    Senior Internal Auditor   

    Murphy Oil Company Ltd.  

    Calgary, Alberta, Canada  

    janmohamed-profile.jpg 

    According to Alishah Janmohamed, CFE, CA, Senior Internal Auditor for Murphy Oil Company Ltd., fraud has not always been a part of the internal audit lingo. Five years ago it was considered a specialized area that was outsourced to "experts." Times, however, have changed. In recent years, the internal auditor has taken on more responsibility in the areas of fraud prevention and detection. "Today the role of internal auditor includes charting out not just business risks, but also fraud risks prevalent in our region," Janmohamed said. "Internal auditors who are also CFEs are now seen by management and the company as fraud experts."


    Please describe your function (a day in the life). 

    My day includes working on internal audits that are planned in the annual internal audit plan and dealing with internal auditees as well as our vendors. I dedicate a lot of time to talking to people within the company from the junior to the upper management level to acquire any information on risks, anomalies and concerns. Anything that keeps management awake at night or is a concern for a junior accountant becomes a red flag for me. Once I evaluate these, I create an action plan on how to move forward, whether it is an investigation or a minor follow-up item.


    What made you decide to become a Certified Fraud Examiner (CFE)?
     

    I was 20 years old when I went to talk to the Faculty of Law advisors at my university, as it was my dream to become a lawyer. I was told that I was very young at this point, and I should finish my bachelor's and master's degrees and then come back to apply as a faculty member. This was very disheartening for me. My accounting professor encouraged me to pick an accounting designation instead of wasting my money on getting a master's degree. I took his advice and became a chartered accountant, but I still felt incomplete. I came across a retired RCMP who worked in our firm as a fraud examiner and that's when I decided that the CFE was the right path for me. Not only do I get to talk to people within the organization, but I also have the ability to investigate matters that no one else has the privilege to do. It makes me feel like a valuable asset to my organization.


    What trends are you currently seeing in fraud investigations? Do you see any trends specific to your region?
     

    Even though I don't deal with healthcare fraud and mortgage fraud, these two types are more prevalent than any other type of fraud in my region. Fraud investigations are now becoming more thorough and concise, especially with all the due diligence that is required from an investigator. Sometimes it is easy to forget that we only collect the evidence and present it to counsel, and that our job is not to prosecute.


    What were some of the more challenging tasks you've faced as a CFE?
     

    Some of the challenging tasks have been asking upper management for backup information on their expenses, getting a buy-in from upper management on training employees on fraud, especially the FCPA and UK Bribery Act, dealing with investigations with a scope restriction by upper management and not getting the full cooperation from a third-party vendor.


    What advice would you give to someone hoping to follow a similar career path?
     

    If anyone is interested in fighting fraud or becoming an expert in a specialized area, I would say the CFE credential is the right choice. The world is at a crossroads of good and bad. This is the time for professionals who want to fight for the good to step up and choose the right skill set and help our society become a better place for future generations. It is not about just fighting against the bad people/acts, but more about building a better society for our children and grandchildren.


    What do you enjoy most about your career as a CFE?
     

    The best thing about my career as a CFE is that I get to do investigations all over the world. I get to visit countries that I probably would not visit on my own. I also learn a lot about the culture and work ethic of different people around the world.


    What do you consider your greatest career achievement?
     

    I feel proud to be a CFE. I worked really hard to become a certified accountant but that was not as fulfilling as becoming a CFE was and still is. I am helping to fight something that is detrimental to all people. I consider myself as the torch (like the CFE logo) that sheds light when something goes wrong, and I am there to assist in investigating and bringing the issue to closure.