WHY FORENSIC ACCOUNTING?
Forensic accounting is the use of accounting skills to investigate fraud, embezzlement and other irregularities hidden as financial transactions. In many cases, forensic accounting investigations are used in legal proceedings, but they are also used for compliance efforts and to prevent crimes. Forensic accounting, forensic accountancy or financial forensics is the specialty practice area of accounting that investigates whether firms engage in financial reporting misconduct. Forensic accountants apply a range of skills and methods to determine whether there has been financial reporting misconduct.
WHO CAN YOU WORK FOR?
Accountancy firms Insurance companies Banks
Police forces Government agencies
WHY SHOULD ANYONE CHOOSE FORENSIC ACCOUNTING?
The field boasts strong job growth and above-average salaries. According to the Bureau of Labour Statistics (BLS), accountants earn a median salary of $70,500 per year. The BLS projects the creation of more than 90,000 new accountant jobs from 2018 to 2028. Forensic accountants can advance their careers by pursuing certifications and licenses. These credentials can enhance a professional’s skills and help them stand out on the job market.
HOW IS FORENSIC ACCOUNTING DIFFERENT FROM TRADITIONAL ACCOUNTING?
Whereas traditional accounting deals in the assessment of business funds and properly conveying information to investors and management, a forensic accountant is called upon to investigate the flow of funds through a business for the purpose of evaluating the paths they take and determining whether illegal transactions have occurred.
CAREER PROSPECTS AFTER COMPLETING FORENSIC ACCOUNTING
WHAT IS VEEKSHA STUDENT PROGRAM?
Duration – 12 Months / Eligibility – graduation or Equivalent