Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

What is the Job Market Outlook for Forensic Accountants?

Job Market Outlook October 14, 2013

Forensic accountants are the investigators of the accounting world, utilizing their critical abilities to cover cases of fraud, mistakes, ethical concerns and other often neglected areas in traditional accounting.

Forensic accounting is a growing profession, and one of the reasons for its increasing necessity is that we live in the post-Enron world, one where companies can no longer afford a scandal.

CPA and Forensic Jobs Are in Demand

CPA level accountants will always be in high demand, particularly if they specialize in a specific field. This is a trend that has been observed to be growing. Forensic accounting is a unique specialty, and will be of high interest to a company that wants to thoroughly analyze its books. Working in this field, not only has excellent earning potential, but also an exciting atmosphere with beneficial effects for the economy.

Most accountants work a set number of hours, but as you might figure out, the work project is paramount and in the event of a high profile case, there might be a deadline involved. This may require longer hours. The industry is a welcoming one, and yet it does involve some social skills.

You have to work with other professionals in a variety of departments, from IT specialists to the legal department to the executive level. In fact, your ability to prove certification, experience, and knowledge as a CPA will directly affect your salary.

Certification and Pressing Beyond the Standard

Seeking out certification is the best possible move, and this involves putting it a number of hours and then contacting the National Association of State Boards of Accountancy. The organization, not to mention your employer, will scrutinize the school you graduate from, ensuring proper accreditation and the degree.

CPAs are also obligated to pass a standardized test and continue to meet high standards every year, thereafter certification. To increase the likelihood of being hired try to attend the many seminars, events, classes and other supplemental learning programs that are given to CPAs.

Forensic accountants make between $30,000 and $60,000 a year, though the most experienced and trusted professionals can command a salary of $150,000 per year or greater. The size of the business cannot be underestimated, as this will directly reflect the available salary. Locations, especially big cities with huge economies, are the best option to aim for.

Having knowledge of new accounting laws will certainly paint you in a positive light to employers, who are not merely interested in basic accounting and auditing skills, but also want to know that you keep up to date with all the legal requirements that control the profession.

For example, the Sarbanes-Oxley Act is important to the field and has actually created more jobs than is traditionally required. The stricter the laws, the greater the need for career professionals with training.

You need not limit your options, since workers are finding career openings in multiple sub-fields, such as law enforcement, government offices, the IRS, non-profit companies, banks and doctor’s offices.

The market is booming and the work is exciting when compared to the traditional bookkeeping job description. If you have the will to excel, this is a great career choice.

Showing schools in your area

Matching School Ads
5 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
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
3 Program(s) Found
  • Ready to earn your business degree? If you identify with at least one of the statements below, GCU could be a good fit for you!
  • I have worked in the business field for a number of years and want to further my education in order to qualify for promotions, leadership positions, and salary increases.
  • I am graduating from high school and am interested in pursuing a career in a business field, but I first need the skills experience.
  • I am interested in a Bachelor's, Master's or Doctoral degree in my specialized business area of focus.
  • I want flexible course offerings, such as the option of 100% online, evening or campus classes.
  • I need a university that provides quality educational offerings through academic excellence and real-world relevance. Does this sound like you? Apply today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Our top-ranking program blends modern business theory with real-world experience
  • Institutionally accredited by SACSCOC with ACBSP graduate business program accreditation
  • High-quality, Christ-centered education with online and select on-campus & evening courses
  • Qualifying bachelor's students can transfer up to 90 credit hours into their degree program
  • 86% of Regent students receive some form of financial aid
  • Online Courses
  • Find Online Schools. 100% Online Accredited Courses
  • Get Matched to Programs In A Few Clicks!
  • Earn an Affordable Degree from Home at your own pace
  • Get College info today. Its Free and Easy!
  • Online Courses

Showing schools in your area

Matching School Ads
5 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
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
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
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Our top-ranking program blends modern business theory with real-world experience
  • Institutionally accredited by SACSCOC with ACBSP graduate business program accreditation
  • High-quality, Christ-centered education with online and select on-campus & evening courses
  • Qualifying bachelor's students can transfer up to 90 credit hours into their degree program
  • 86% of Regent students receive some form of financial aid
  • Online Courses
  • Find Online Schools. 100% Online Accredited Courses
  • Get Matched to Programs In A Few Clicks!
  • Earn an Affordable Degree from Home at your own pace
  • Get College info today. Its Free and Easy!
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!