Tax advisor to financial fraud examiner
A tax advisor already meets 30% of what the financial fraud examiner role asks for. The move turns on 10 required skills not yet in the profile.
63.6/ 100
1 How much of what a financial fraud examiner is expected to do is already part of a tax advisor’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the financial fraud examiner role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A financial fraud examiner role treats 4 of its required skills as things a tax advisor already does. You would walk in with these on day one.
- conduct financial audits
- fraud detection
- interpret financial statements
- prepare financial auditing reports
What stands in the way is 10 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.
Table 2 · What you already bring
Of the 8 skills that carry over, these are the ones fewest other occupations ask for. A financial fraud examiner role needs them, and most people applying for one will not have them already. This is the part of a tax advisor background worth leading with.
- already held national generally accepted accounting principles business, administration and law
- already held international financial reporting standards business, administration and law
- already held prepare financial auditing reports information skills
- already held fraud detection services
- already held prepare financial statements information skills
- already held conduct financial audits information skills
All 8 carried skills, including the 4 the financial fraud examiner role treats as required.
Table 3 · What you may need to learn
The 18 missing skills fall into 5 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.
- still to learn detect financial crime required
- still to learn identify accounting errors required
- still to learn perform forensic accounting required
- still to learn trace financial transactions required
- optional, not held identify if a company is a going concern optional
- optional, not held ensure compliance with accounting conventions optional
- still to learn banking activities required
- still to learn financial statements required
- optional, not held anti-dumping law optional
- optional, not held criminal law optional
- optional, not held financial jurisdiction optional
- optional, not held financial products optional
- optional, not held international law optional
- optional, not held public offering optional
- still to learn interpret law required
- still to learn liaise with managers required
- still to learn manage corporate bank accounts required
- still to learn forensic intelligence required
Table 4 · Where to start
The 3 entries a financial fraud examiner role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 banking activities study this
- 02 detect financial crime practise this
- 03 financial statements study this
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 8 skills that carry over
- already held conduct financial audits skill
- already held fraud detection knowledge
- already held interpret financial statements skill
- already held prepare financial auditing reports skill
- already held international financial reporting standards knowledge
- already held national generally accepted accounting principles knowledge
- already held prepare financial statements skill
- already held tax legislation knowledge
8 supplementary skills, helpful but not required
- optional, not held anti-dumping law optional
- optional, not held identify if a company is a going concern optional
- optional, not held criminal law optional
- optional, not held ensure compliance with accounting conventions optional
- optional, not held financial jurisdiction optional
- optional, not held financial products optional
- optional, not held international law optional
- optional, not held public offering optional
34 held skills the financial fraud examiner role does not ask for
- not needed by the target role accounting entries knowledge
- not needed by the target role advise on efficiency improvements skill
- not needed by the target role advise on financial matters skill
- not needed by the target role advise on legal decisions skill
- not needed by the target role advise on tax planning skill
- not needed by the target role advise on tax policy skill
- not needed by the target role business management principles knowledge
- not needed by the target role cadastral taxation knowledge
- not needed by the target role calculate tax skill
- not needed by the target role check official documents skill
- not needed by the target role civil law knowledge
- not needed by the target role collect tax skill
- not needed by the target role commercial law knowledge
- not needed by the target role compile legal documents skill
- not needed by the target role develop taxation policies skill
- not needed by the target role disseminate information on tax legislation skill
- not needed by the target role inform on fiscal duties skill
- not needed by the target role inspect tax returns skill
- not needed by the target role inspect taxation documents skill
- not needed by the target role international taxation of transfer prices knowledge
- not needed by the target role legal department processes knowledge
- not needed by the target role legal terminology knowledge
- not needed by the target role make strategic business decisions skill
- not needed by the target role manage payroll reports skill
- not needed by the target role manage personal finances skill
- not needed by the target role negotiate in legal cases skill
- not needed by the target role observe confidentiality skill
- not needed by the target role prepare tax returns forms skill
- not needed by the target role provide legal advice skill
- not needed by the target role research taxation procedures skill
- not needed by the target role secure sensitive customer's information skill
- not needed by the target role sign income tax returns skill
- not needed by the target role use consulting techniques skill
- not needed by the target role value-added tax law knowledge
9 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- still to learn banking activities required
- still to learn financial statements required
- still to learn forensic intelligence required
- optional, not held anti-dumping law optional
- optional, not held criminal law optional
- optional, not held financial jurisdiction optional
- optional, not held financial products optional
- optional, not held international law optional
- optional, not held public offering optional
Other moves recorded from tax advisor
- tax clerk 52% covered · moderate
- tax inspector 48% covered · moderate
- tax compliance officer 41% covered · substantial
- legal consultant 30% covered · substantial
- audit supervisor 30% covered · substantial
- accountant 28% covered · career change
- financial auditor 27% covered · career change
- tax policy analyst 27% covered · substantial
Common questions about this move
Can a tax advisor become a financial fraud examiner?
Yes, and it is a substantial move. A tax advisor already covers 30% of what a financial fraud examiner is expected to do: 8 skills carry over, 4 of which the financial fraud examiner role treats as required.
What skills does a tax advisor need to become a financial fraud examiner?
10 required skills are missing, plus 8 optional ones. They fall into 5 areas of the ESCO skill hierarchy, led by information skills. The single most important is banking activities.
How hard is the move from tax advisor to financial fraud examiner?
Its learning distance is 63.6 out of 100, which is the substantial band. That accounts for both how much is missing and how specialised those skills are.
How this record was compiled
Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.