Henderson Hutcherson & McCullough announced Khara Lounsbury, CPA, has been designated a Certified Fraud Examiner by the Association of Certified Fraud Examiners. CFEs have expert knowledge in the areas of fraudulent financial transactions, criminology and ethics, legal elements of fraud, and fraud investigation methods.
Ms. Lounsbury joined HHM in 2009 and is a supervisor in HHM’s accounting and auditing group. She works primarily with assurance services leading, planning, and performing audits, as well as reviews and compilations. In addition to serving manufacturing and distribution, employee benefit plan, nonprofit and governmental clients, she also prepares individual and small business tax returns.
“Fraud is more common than many realize,” Ms. Lounsbury said. “According to the Association of Certified Fraud Examiners’ 2014 Report to the Nations on Occupational Fraud and Abuse, it is estimated that a typical organization loses 5 percent of revenues each year to fraud.”
As a Certified Fraud Examiner, Ms. Lounsbury will assist clients by examining and identifying fraud issues within organizations.
To obtain the CFE designation, candidates must have at least two years of professional experience in a field either directly or indirectly related to the detection or deterrence of fraud, pass a 500-question examination, commit to at least 20 hours of continuing professional education each year, and adhere to a strict code of professional ethics.