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Transcript of Forensic Accountant
Many of them tend to work closely with law enforcement personnel and lawyers during investigations.
You must have a bachelor’s degree in accounting, and you are expected to have CPA (Certified Public Accountant) certification to begin a Forensic Accounting Career. It’s also helpful to become a CFE (Certified Fraud Examiner).
What are the required skills
needed to become a
Forensic Accountant ?
- Perform forensic research to trace funds and identify assets for recovery
- Conduct forensic analysis of financial data
- Prepare forensic accounting reports from financial findings
- Prepare analytical data for litigation and testifies as needed
By : Pirakasini V. & Endri
Forensic Accountants are qualified accountants, auditors, and investigators of legal and business documents. They are hired to look into possible uncertainties of dishonest activity within a company.
Forensic Accountant’s also provide many services in areas such as accounting, antitrust, damages, analysis, and general consulting. Forensic Accountants have also been used in divorces, insurance claims, bankruptcy, fraudulent claims, and also personal injury claims.
Is Needed ?
Other than having strong accounting skills and legal knowledge, forensic accountants require the following :
- The ability to think creatively
- Attention to detail
- Communicate Effectively
- Remarkable curiosity
- Analytical and Research Skills
Knowledge, Skills, and Abilities ?
GAAP or GAAS violations
Contract and procurement fraud
Financial statement fraud
Testifying as an expert witness
Attention to detail
Places where they work ?
Many Forensic Accounting positions need at least one to three years of accounting experience. They can attain this experience by working as a general accountant.
For those who have finished the accounting program they will be able to work anywhere undercover where accounting is needed. It ranges from private corporations or firms that help specific corporations deal with suspected (or known) fraud and embezzlement to government organizations such as police departments, FBI or the CIA. They tend to work for public accounting firms, banks, the IRS, insurance companies and law firms.
What is the Annual Salary for a Forensic Accountant ?
Forensic Accountants are a part of the larger field of accountants and auditors. The average annual salary for a Forensic Accountant is about $61,690. The exact salary is different based on specialization within the field, the location, the years of experience and a range of other factors.
Credit card fraud
Financial data analysis
Computer application design
Locating hidden assets
Forensic intelligence gathering
Legal system and its procedures
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