Grow Your Business. Grow Your Career.

Contact Us
877.823.3669

Inside Forensic Accounting

Author: Moe Harrison /Tuesday, March 17, 2015/Categories: SNI Companies, Financial Staffing, For Job Seekers, For Employers, SNI Certes, Financial Staffing, For Job Seekers, For Employers, Accounting Now

Rate this article:
5.0

In the coming year there will be an unprecedented demand for Forensic Accountants. Combining their accounting knowledge with investigative skills in various litigation support and investigative accounting settings, Forensic Accountants are the “CSI” of the accounting world. They are employed by public accounting firms’ forensic accounting divisions; consulting firms specializing in risk consulting and forensic accounting services; or by lawyers, law enforcement agencies, insurance companies, government organizations, and financial institutions.

A bachelor’s or master’s degree in forensic accounting, accounting, finance or a related field is required for Forensic Accountants. Additional education in criminal justice or law enforcement is a plus. Many companies encourage obtaining the Certified Fraud Examiner (CFE), Certified Public Accountant (CPA), and/or Chartered Accountant (CA) certifications.

Most forensic accounting positions require at least one to three years of accounting experience. Some job duties unique to forensic accountants include:

  • Research to trace funds and identify assets for recovery
  • Analysis of financial data
  • Accounting reports from financial findings
  • Data for litigation

Forensic accounting focuses on two main areas: litigation support and investigation. Litigation support involves the factual presentation of economic issues related to existing or pending litigation. In this role, the forensic accountant quantifies damages sustained by parties involved in legal disputes. If a dispute reaches the courtroom, the forensic accountant may testify as an expert witness.

Investigation is the act of determining whether criminal matters such as employee theft, securities fraud, identity theft, and insurance fraud have occurred. As part of the forensic accountant’s work, he or she may recommend actions to be taken to minimize future risk of loss. Investigation may also occur in civil matters. For example, the forensic accountant may search for hidden assets in divorce cases.

Forensic Accountants become involved in a wide range of investigations, spanning many different industries. The practical and in-depth analysis which a Forensic Accountant will bring to a case helps uncover trends that bring to light the relevant issues.

Revenue in forensic accounting in the United States is expected to grow $6.0 billion in 2017, according to IBISWorld. So, if you are looking for some excitement in your accounting career, consider Forensic Accounting.

Print

Number of views (12641)/Comments (4)

Moe Harrison
Moe Harrison

Moe Harrison

Moe Harrison is a Regional Vice President with SNI. With more than 15 years’ experience in recruiting and personnel management, Moe has a unique perspective on the top issues and concerns of employers and candidates in the accounting and finance fields.

Other posts by Moe Harrison
Contact author Full biography

Full biography

Moe Harrison is a Regional Vice President with SNI. With more than 15 years’ experience in recruiting and personnel management, Moe has a unique perspective on the top issues and concerns of employers and candidates in the accounting and finance fields.

x

4 comments on article "Inside Forensic Accounting"

Avatar image

Pam Lassila

4/7/2017 12:09 PM

Why is there going to be a higher demand for Forensic Accountants? I think that would be such a cool job! I bet that they do a lot to help out and solve problems when there are legal issues. http://www.eppsforensics.com/service/financial-forensics/litigation-support/


Avatar image

Sandy

1/5/2018 3:32 PM

Pam, I think this is mainly because forensic accountants work with tax records, and tax records as we all know, are the ultimate law enforcement weapon when going after an underworld that covers its' tracks. fat camp


Avatar image

global

10/26/2018 7:59 AM

A tangible source is improved for the fulfillment of the goals for the humans. The overall good norm and assignments is designed for the occupational challenges for the masters of the material for all better slots in life.


Avatar image

game

11/13/2018 6:11 AM

the

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Contact author

x
Subscribe to Our RSS Feeds!