What defines 'professional competence' for fraud examiners?

Professional competence for fraud examiners is best defined by how well they perform specific job responsibilities. This encompasses the overall effectiveness and skill with which fraud examiners approach their work, including their ability to conduct investigations, analyze financial records, and apply relevant laws and regulations. A high level of performance in these responsibilities reflects not just knowledge, but also the practical application of skills in real-world scenarios, which is crucial in the field of fraud examination.

While methodologies and approaches are important for conducting examinations, they are part of the broader spectrum of job responsibilities. Similarly, completing tasks with minimal errors is a component of performance but does not fully capture the essence of professional competence. Education and training certainly contribute to a fraud examiner's ability, but it's the practical execution of that knowledge in performing their duties that defines their professional competence. Thus, the focus on performance aspects aligns with industry standards for evaluating the effectiveness of fraud examiners in their roles.