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A forensic accountant primarily does accounting work in support of litigation. This can include fraud examinations, business valuation, business interruption loss calculations, insurance claim support, expert testimony, and consultants in legal cases.
Since it is not uncommon for a forensic accountant to investigate and support investigations of white collar crime, they develop a knowledge of accounting, the law, and psychology.
Forensic Accountants generally have both the Certified Public Accountant (CPA) and Certified Fraud Examiner (CFE) certifications. The CPA is obtained via AICPA and the CFE is obtained via the ACFE.
It is a growing field. Georgia Southern University has a strong graduate program in forensic accounting which I strongly recommend to any accountants who want to explore this exciting field.
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What possible tasks may a forensic accountant have in investigation and dispute resolution?
Investigation may occur in civil matters, such as the forensic accountant searching for hidden assets in a divorce case. Another typical example would be the forensic accountant being engaged to investigate employee theft
What kind of personality fits forensic accountant?
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What role may a forensic accountant play in litigation support?
the forensic accountant may be asked to assign an estimated value for damages sustained by parties involved in legal disputes and to assist in resolving disputes, even before they reach the courtroom.
What could you do with a degree in forensic accounting?
With a degree in forensic accounting you can be an accountant. They list references and find fraud references. You can also get investigative skills with this degree.
What careers are in forensics?
Some careers in forensics include forensic scientist, forensic pathologist, crime scene investigator, forensic psychologist, forensic accountant, and forensic anthropologist. Each of these professions plays a crucial role in analyzing evidence and aiding in criminal investigations.
Do embezzlement lawyers have specialized training?
"It's preferred that they be a Certified Forensic Accountant in which one has to have a bachelor's degree,a current CPA license and forensic accounting experience."
What is the best job for someone who is great with math?
-- actuary -- forensic accountant -- bookie -- physicist -- math teacher
Who is the highers earner between financial accountant and charted accountant?
This might involve financial reporting, taxation, auditing, forensic accounting, corporate ... Chartered accountants work in a range of organizations, including public ... found in cities and larger towns, where higher salaries are typically earned.
How much do Certified public accountants who specialize in forensic accounting make?
Beginning you can start at $30,000 to $60,000 but and experienced Forensic accountant can make six figures goining above the $100,000 a year mark.
Under what circumstances may forensic accountants be called upon as expert witnesses in court?
The need for an expert witness who is a forensic accountant generally arises when there is a dispute involving some area of accounting expertise
How much do forensic accountants make?
Forensic accountants track a person's finances and financial dealings, like bank statements and records, credit card transactions, mortgages, assets, etc. For example, if a man is murdered in what looks like a professional hit, a forensic accountant would search through all the bank statements and accounts of all the suspects, to see if any of them withdrew a large sum of money that could have been paid to the hitman. Or, if a person is suspected of running a series of mortgage scams, it would be the forensic accountant's job to sift through the paperwork for any irregularities or wrongdoing. What they find would be used as evidence against the suspect. Or, if it is discovered that an employee is embezzling from a company, it would be the forensic accountant's job to sift through all of the company's financial transactions, and figure out who the guilty person is, and exactly what they did. And again, this evidence would be used against the suspect at trial. See the Related Link below for the Wikipedia entry on forensic accounting.
How does a forensic accountant uncover hidden assets during an investigation?
A forensic accountant uncovers hidden assets during an investigation by analyzing financial records, conducting interviews, and tracing transactions to identify discrepancies or irregularities that may indicate the presence of hidden assets. They may also use specialized software and techniques to track funds and uncover any attempts to conceal assets.
