Forensic accounting jobs are a far cry from the idea many people have of accounting. Forensic accounting professionals work diligently to help solve white-collar crimes and to prevent such crimes from reoccurring. In fact, since 9/11, many forensic accountants have located terrorists and have provided the needed information for these terrorists to be captured and prosecuted. If you would like to take your place in this important, respected career field, now is the perfect time to go back to college and begin the journey to an exciting new career.
What is forensic accounting?
Forensic accounting is a branch of accounting that deals with investigating financial activity and records to detect fraud, embezzlement, money laundering, and a number of other illegal activities. Doing this work requires forensic accountants to use technology and investigative techniques to find answers to a variety of financial questions related to fraudulent accounting, banking, and record keeping.
Forensic accountants work in one of the top careers in accounting and are in high demand as the instances of white-collar crimes continue to increase. Forensic accountants perform detailed audits, prove financial malpractice, verify financial records, question involved parties, and serve as expert witnesses in criminal and civil trials.
Forensic accounting also involves evaluating a variety of financial situations, developing a course of action to resolve the situation, helping recover stolen assets, and locating hidden assets, such as those related to divorce cases or the dissolution of a corporation. For these services, forensic accountants can earn a starting salary of between $35,000 and $65,000 and can earn up to $100,000 a year after building experience and a reputation.
Forensic accounting qualifications
The minimum educational degree that is required for employment as a forensic accountant is a bachelor’s in accounting. Many positions also require a degree in law enforcement or criminal justice and others may require that candidates be Certified Public Accountants. To make yourself more marketable, you may take the Certified Fraud Examiner Exam that is offered by the Association of Certified Fraud Examiners.
You can get your educational training from either a traditional or an online university, depending on your personal study preferences. Many people prefer taking online courses because it eliminates the need to travel to and from classes and also allows for flexible scheduling in study times, allowing students to get an education while still meeting existing employment and family obligations.
Getting your education and finding employment in the field of forensic accounting will give you a much better professional career, a fantastic salary, and many opportunities to advance within your career field. Working in this job allows you to perform in-depth investigations and to help law enforcement officials and other invested parties find the necessary answers to stop financial criminals from getting away with their crimes. If you enjoy working with numbers, love solving mysteries, have an eye for detail, and have great organizational skills, now is the ideal time to consider going back to school to get your training to become a forensic accountant.