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Expert: Consuelo Herrera, International Accountant and Fraud Examiner - 6/14/2008


Question
Dear Consuelo Herrera,
What are the opportunities to gain for being an auditor? Is the income good? How significant is Certified Bank Auditor (CBA)? Which is better ACCA or CPA?

Answer
Dear Chow,

Thanks for your question.

Auditors professionals are required almost in every corporation and even small business should have one. The recent financial scandals led the government to implement drastic measures in corporate governance so that credibility is regained.

The determination of which designation is better depends upon your expectations. A CPA has a complete set of skills, knowledge, and abilities that enable him or her for other position within the financial and banking world.

Being a CPA enables you to deliver services as an auditor and many other positions in the business world.

I wish you success in your endeavors.


Kind regards,


Consuelo Herrera, CAMS, CFE

Auditing

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Consuelo Herrera, International Accountant and Fraud Examiner

Expertise

I can answer questions concerning internal and operational auditing, fraud prevention procedures, internal control, the Sarbanes-Oxley Act, COSO control concepts, and management oriented auditing. I would love to provide business-owners with suggestions on how to prevent and detect fraud so that they are proactive in protecting their wealth since the very beginning of their entrepreneurial affairs. I can answer questions to both English and Spanish population. I am very committed to keep my standards up today so I know many resources where I can direct those seeking advice.

Experience

I have rendered services for private companies, profit and non for profit, in two countries. As independent consultant I have provided advice to managers in implementing procedures that streamline their operations and enhance their activities. As a staff accountant in a US CPA firm, I performed regular auditing procedures for different engagements.

Organizations
AICPA (American Association of Certified Public Accountants), ACFE (Association of Certified Fraud Examiners), ACFEI (American College of Forensic Examiners.

Education/Credentials
Bachelors of Sciences in Business Administration – Accounting University of South Florida USF – Tampa Florida Catholic University – Colombia Title earned: Specialist in Tax and Customs Central Foundation University – Colombia Title earned: Certified Public Accountant. On August, 2006 I passed all four sections of the Certified Fraud Exam which tests for proficiency in the following areas: Criminology and Ethics, Financial Transactions, Legal Elements of Fraud, and Fraud Investigation.

Awards and Honors
As employee of Forensic Technology Inc. a Canadian company with locations and sites worldwide, I was the winner of the 2005 President's award in the category of Cost Savings through Efficiency or Innovation granted in January 2006 in Montreal, Canada.

Past/Present Clients
I have provided advice to all kind of companies: manufacturing, service, consulting, non for profit organizations, etc.

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