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What do Forensic Accountants do?

Job Descriptions August 7, 2013

The popularity and demand for forensic accounting has increased considerably in the past few years. This is due, in part, to the increase in corrupt business practices and crimes such as financial fraud. Kessler International conducted a study that showed thirty-nine percent of organizations have considered the need for a forensic accountant. Forensic accountants work on anything from divorce and bankruptcy, to capital crime and major fraud cases; they have a love of the excitement that comes with law and order.

Individuals in a forensic accounting career combine their investigative, auditing, and accounting skills to interpret and analyze financial and business evidence, and may participate in trials as expert witnesses. Before you begin your sleuthing however, you will need to find the right degree program in forensic accounting. To begin working towards your career, find accounting bachelors, MBA (Master of Business Administration), or MAcc (Master of Accountancy) degree programs.

Required Education for Forensic Accountants

You are required to hold a bachelor’s degree in accounting, and are usually expected to have a Certified Public Accountant (CPA) certification to begin a career in forensic accounting. It is also beneficial to become a Certified Forensic Accountant (CrFA) or a Certified Fraud Examiner (CFE).

Skills required to become a Forensic Accountant

Along with legal knowledge and strong accounting skills, forensic accountants must have the following:

•Research and analytical skills
•Communicate effectively
•The ability to think creatively
•Persistence
•Attention to detail
•Remarkable curiosity

Places for Forensic Accountants to Work

Students who have completed the degree program in forensic accounting will work anywhere investigative accounting is needed. This ranges from private firms or corporations that help certain companies deal with suspected (or unknown) embezzlement and fraud to government organizations such as the CIA (Central Intelligence Agency), FBI (Federal Bureau of Investigation), and the police departments. Forensic accountants also frequently work for law firms, insurance companies, the IRS (Internal Revenue Service), banks, and public accounting firms.

Forensic Accounting Salary Information

Forensic accountants are part of the larger field of auditors and accountants. The average national annual salary for auditors and accountants was $61,690, according to the U.S. Bureau of Labor Statistics’ 2012 to 2013 Occupational Outlook Handbook. Actual salaries can vary significantly based on years of experience, location, specialization within the field, and various other factors.

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Showing schools in your area

3 Program(s) Found
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
4 Program(s) Found
  • Liberty University provides a worldclass education from a christ-centered worldview
  • 100% online programs at associate, bachelor’s, master’s, and doctoral levels
  • No standardized testing if student meets admission requirements
  • Accredited by the Southern Association of Colleges and Schools Commission on Colleges
  • 87% of Liberty University students receive some form of financial aid
  • Online Courses
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Topped the list as Best Online Bachelor’s Program in Virginia by U.S. News & World Report in 2019.
  • Regent is ranked among Top National Universities by U.S. News & World Report, 2019.
  • Flexible online, on-campus and evening courses offered in 135 areas of study, including Business, Nursing, Psychology, & more.
  • Regent is recognized among Top #10 Military Friendly Schools by Military Friendly®, 2019.
  • 88% of Regent University students receive financial aid, with $24 million awarded in institutional scholarships & aid in 2017-18.
  • Online Courses
3 Program(s) Found
  • Why Earn Your Degree from GCU?
  • Options: Choose from a variety of undergraduate and graduate degree programs in Business, Nursing, Psychology, Education & more!
  • Convenience: Complete courses online, on campus, or a combination of both!
  • Earlier Graduation: Our 4-credit courses allow you to complete your degree program in less time.
  • Transfer Friendly: We will request your transcripts, evaluate your graduate coursework, and determine your anticipated graduation date within 24 hours.
  • Quality: Grand Canyon University was founded in 1949 and is regionally accredited. Learn more today!
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits

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