Updated August 16, 2023
A forensic accountant uses accounting, auditing, and investigative skills to analyze the financial trail of a person or business. Forensic accounting seeks to interpret complex financial matters and communicate them clearly. This type of accountant often prepares evidence used in a court of law — for example, in fraud and embezzlement cases — and are typically engaged by insurance companies, banks, police forces, government agencies, and public accounting firms.
Salary (Median Pay)
For accountants and auditors.
- Salary: $73,560/yr
- Hourly Rate: $35.37/hr
Source: Bureau of Labor Statistics (BLS)
Duties and Responsibilities
- Compiling and investigating financial evidence;
- Developing systems to manage the information compiled;
- Determining the value of assets;
- Assessing losses and damage;
- Applying tax law knowledge;
- Communicating findings through reports and visual data;
- Assisting in legal proceedings, including testifying in court as an expert witness;
- Working closely with law enforcement officers and agencies;
- Auditing financial documents; and
- Conducting internal investigations.
Qualifications
- Bachelor’s degree in accounting or related field;
- Excellent research skills;
- Excellent communication skills;
- Certification as a CPA or Certified Fraud Examiner preferred; and
- Knowledge in criminal justice or law enforcement also preferred.