Career Theme: Conventional
Necessary Education: Most employers require graduates with bachelor’s degrees in forensic accountancy. However, a master’s degree in forensic accounting or auditing is preferred by most employers.
Special Training Required: Traditional accountancy principles and core practices. They must also be familiar with forensic collection, investigation, and analysis, interpretation of and testimony regarding data in a legal framework. They must also be able to use the specialized software for their work. Most forensic accountants hold a Certified Public Accountant or Certified Fraud Examiner.
Prerequisite experience needed: They must have 24 minimum credit hours of accounting. Being a Certified Public Accountant or a Certified Fraud Examiner are advantages which require exams and a lot of studying and preparation.
Job Responsibilities: Forensic accountants must analyze and investigate financial statements or reports for irregularities that may indicate fraud. They reconstruct events in fraud cases. To support legal cases, they create presentations and may even testify in court about their discoveries. They can also audit records, investigate, trace assets, and interview individuals who contributed to the financial records in question. They may also do electronic discovery and records preservation.
Typical Salary Range: Makes between $69,000 and $102,000/year