If you are interested in improving your professional skills and distinguish yourself from other potential forensic accountants, consider obtaining your master’s degree in forensic accounting. During your graduate education you will learn advanced concepts, including legal studies, government regulation and how to identify and resolve fraud cases using critical thinking. Contact our admission team for more information about the programs we offer and how they can help economic damage analysis expert witness you start a rewarding career. Just as the more general accounting fields have an indication for certified public accountants, forensic accountants also have their own distinction. CFE’s accounting field also has its own professional organization, the Association of Certified Fraud Examiners, which provides professional advice and preparation for the CFE exam According to the BLS, a bachelor’s degree qualifies graduates for most entry-level accounting roles.
To obtain the CPA license, Candidates must meet the conditions for education and professional experience and successfully complete the CPA exam. In most states, CPA candidates need 150 hours of educational credit and 1-2 years of relevant professional experience. CPA candidates also need professional experience to be eligible for the CPA exam, which is why many students work in an entry-level job during or after their undergraduate or graduate degree.
Forensic computer counters in particular require excellent computer skills to conduct cyber investigations and use data analysis tools. Computers and other devices are widely used in their work to detect and evaluate false financial data. As technology progresses, forensic accountants will need to be kept informed to keep abreast of the perpetrators of the financial crime they are investigating. Many forensic accountants also strive for the certified fraud examiner of the Association of Certified Fraud Examiners . This certification shows advanced fraud detection, investigation and investigation skills.
Before, during or after obtaining the CPA license, forensic accountants may also apply for certification from the American CPA Institute, the Association of Certified Fraud Examiners or the National Association of Forensic Accountants. Many potential accountants follow their bachelor’s degree with certificates or a master’s degree in forensic accounting. This helps them achieve the 150 post-secondary credits required for the CPA license
Forensic auditors act as financial investigators, investigate questionable financial data, investigate fraud and assist in civil and criminal investigations. Some forensic accountants work for law firms that perform dispute support tasks, often providing witness statements or guidance on matters such as bankruptcy, malpractice and contractual disputes. Government organizations also employ forensic accountants to identify regulatory violations in industries such as banking, and criminal organizations often rely on forensic accountants to investigate crimes such as fraud. Since forensic accountants are often asked to present their findings in court, they can also become members of the Expert Eye Witness Institute. This acts as a voice for the expert witness community and supports experts from all professional disciplines and lawyers using expert services. The institute works to encourage, train and train experts and improve and maintain their standards and status.
Some schools offer a specialization in forensic accounting, while others offer a concentration or specialization in forensic accounting. Potential forensic accountants can also complete electives in areas such as fraud investigation, cyber forensic medicine and auditing. Legal teams also ask forensic accountants to serve as expert witnesses for their affairs. Companies are increasingly looking for forensic accountants in their internal audit, finance, compliance and global research departments.
But if you’re interested in testing your detective skills to discover financial crimes, it’s worth this career. To get the most forensic accounting jobs, candidates need one or more accounting degrees and about two years of relevant work experience. Many features also require CPA licenses plus one or more forensic accounting certifications. Forensic, analytical and ethical detail-oriented accountants need various hard and soft skills to carry out their research work in a competent, efficient and professional manner. These accountants combine technical expertise in relevant software and information systems for financial analysis with general research, collaboration and critical thinking skills.