Forensic accounting is quite specialized but is forecast to provide near-unlimited job opportunities for several decades. Discover why that is here.
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2. Why is Forensic Accounting a Fast Growing Career?
The field of forensic accounting has
experienced an enormous explosion in recent
years due to a number of factors, putting it at
the top of the list for both recent graduates
and seasoned members of the nation’s
workforce. This area is quite specialized, but
is forecast to provide near-unlimited job
opportunities for several decades.
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3. Primary Concentrations in
Forensic Accounting
Investigative Accounting
It’s necessary for a forensic accountant to dig deep into the
numbers and documents of a business whose practices are under
scrutiny, as well as look at the atmosphere of the company. Often,
these specialists will spend time onsite, collecting and assessing
data. Much of the investigation will be executed via computer, so
thorough computer skills and a high comfort level with software is
important.
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4. Primary Concentrations in
Forensic Accounting
Litigation support
A forensic accountant must investigate all financial operations and
prepare material with a view to using it in a litigation setting. This
component of a forensics accountant’s job is to provide the
evidentiary support needed to prove guilt in a case, including
report preparation and insight into a company’s financial
management. This material may be used by law enforcement
agencies, prosecutors and parties to litigation. Many times, a
forensic accountant must appear in court to testify.
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5. Typical Forensic
Accountant Employers
Private Companies
Many forensic accountants are employed in the private sector,
where businesses hire them to ensure compliance with regulations
governing financial record-keeping and transactions.
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6. Typical Forensic
Accountant Employers
Government Agencies
Federal and state governments also hire forensic accountants to
make sure their operations comply with relevant laws.
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7. Typical Forensic
Accountant Employers
Law Enforcement
The number of crimes related to financial transactions has
experienced a boom in recent years, meaning that law enforcement
needs support for these criminal investigations. These accountants
analyze the paper trail to track and provide evidence to prosecute a
violator.
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8. CPA Firms Top the List
With the increase in financial crimes, more CPA firms are offering
forensic accounting services to companies needing high level
accounting skills. These specialists assist CPA firm clients with
shareholder disputes, fraud investigations and negligence and
employee theft cases.
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