Forensic Accounting

Forensic Accountants played a huge role in investigating the high-profile corporate accounting scandals of the early 2000s. The evidence they uncovered led to the downfall of a several unscrupulous industry giants, making this among the most exciting of accounting careers.

Forensic accountants investigate and interpret bankruptcies, contract disputes, securities fraud, embezzlement, as well as other potentially criminal financial transactions, like money laundering.

There is a diverse number of employment choices for Forensic Accountants including law firms, insurance companies and government agencies like the Federal Bureau of Investigation (FBI) or the Internal Revenue Service (IRS).

Forensic accountants must have an advanced knowledge of accounting, finance, the law and investigative techniques because they use these tools to determine if the activity they are investigating is illegal.

Many forensic accountants enjoy the opportunity to work closely with lawyers and law enforcement personnel during investigations. Forensic accountants also frequently appear as expert witnesses during trials.

Most forensic accountants have an accounting degree, though to become experts in their field they must also take specialized, college-level courses that focus on relevant topics like auditing and fraud. Forensic accounting also frequently requires attaining the certification of Certified Public Accountant (CPA).

A good forensic accountant should be curious, persistent, creative, organized and confident, while being able to practice discretion and exercise sound professional judgment. Can you communicate clearly and concisely? Are you good with minute details and seeing things within the big picture? A career in forensic accounting may be the right path for you.

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