School of Business Administration

In a world where financial crimes can have devastating consequences, Amanda Malusky Krauss has built an impressive career uncovering the truth and seeking justice. A proud University of Dayton alumna, Krauss has transformed her passion for forensic accounting into a thriving profession that spans fraud investigations, forensic analysis, and corporate accountability. Her journey from a dedicated student to a leading expert at Axium Consulting offers a glimpse into the exciting and impactful opportunities that await those who pursue a career in financial forensics.

Amanda Malusky Krauss earned her bachelor’s degree in accounting and MBA, graduating summa cum laude in 2001. Her time at UD included involvement in Beta Alpha Psi, the international honor organization for financial information students and professionals. Today, Krauss’ career in forensic accounting and fraud investigations serves as an example for students looking to make a meaningful impact in the field.

After starting her career in auditing at PwC, Krauss found her passion for forensic accounting when she encountered a significant fraud case early on. An employee of an audit client discreetly revealed a massive fraud scheme to her — a pivotal moment that led her to specialize in fraud investigations. Driven by a desire to uncover wrongdoing and fight injustice, Krauss transitioned to PwC’s fraud investigations group in Chicago, and her career in forensic accounting took off.

For more than thirteen years, Krauss has been with Axium Consulting. As an associate managing director for the firm, she leads the firm’s internal investigations and forensic accounting practices. Her work involves investigating complex fraud cases, such as asset misappropriations, embezzlements, corruption and kickbacks. Krauss and her team use a variety of investigative techniques, from forensic accounting and data mining to conducting interviews and analyzing financial records. Her ability to adapt these tools to each case, coupled with her expertise in conducting sensitive interviews, has made her a leader in the field.

“So much of what I have learned has been on the job, as each case is unique and requires a different approach. I love being able to take the allegations and consider the best investigative tools and approaches,” Krauss said.

A hallmark of Krauss’ approach is her focus on objectivity, independence and diligence — skills she honed during her auditing days.

“I particularly embrace the interviewing skills I have gained in my career, and I enjoy continuing to develop them. The styling of questions, the laying out of an interview plan, deciding when to use open-ended, information-seeking questions versus pointed and direct questions, and the strategy of when to show a document — it’s really a science,” she said.

Krauss encourages students interested in fraud examination or financial forensics to value persistence and passion. She advises students to actively pursue opportunities.

“There are many people who will say that a job in fraud sounds fascinating and interesting. But the people who set themselves apart as truly interested, dedicated hard workers are the best ones for the field,” she said.

Krauss remains deeply connected to the University of Dayton’s School of Business Administration. As a member of the Accounting Advisory Council, she regularly engages with the UD Department of Accounting and guest lectures in various courses.

“It brings me gratitude as I reflect on the personnel in the accounting department who shaped and advised me when I was a student, helping me get to where I am today. I see that same level of care and engagement with the current department personnel, and I encourage students to reach out to them for help and advice,” she said.

She also encourages students to seek out mentorship opportunities, noting that the advice and support of faculty and industry professionals can help shape their career paths.

Krauss’ experience demonstrates the wide range of possibilities available to those with an accounting degree.

“There are inaccurate stereotypes about the field of accounting that need to be shaken. Accountants have all sorts of varied backgrounds and personalities. Accountants bring so many skills to the table, ranging from critical thinking to financial literacy,” she said.

For those interested in fraud investigation, forensic accounting and financial forensics offer intellectually stimulating and rewarding careers for people who enjoy critical thinking, problem-solving and making a difference. 

“I suggest that people find a part of the accounting field aligned with their passions. My mom once told me that I have a heart for fighting injustice, and I realized she hit the nail on the head. My chosen path of conducting fraud investigations is aligned with that, and it helps me to be more motivated and gratified by my work,” Krauss said.

Her advice to students in any field is clear: “Follow up and be persistent in seeking to achieve your career goals. Opportunities sometimes need to be pursued and sought after, and the person who shows sincere interest and pursuit stands out.”

Students interested in fraud examination or financial forensics have a wealth of opportunities awaiting them. Whether they envision themselves conducting complex investigations, providing expert testimony, or supporting legal cases with forensic analysis, the path is exciting and varied. Krauss’ journey is a testament to how persistence, passion and a heart for justice can lead to a fulfilling and impactful career.