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Archive for the ‘Forensic Accountant’ Category

Getting Your Forensic Accounting Degree Online

Thursday, November 11th, 2010

If you are looking for a career that is both exciting and financially rewarding, consider becoming a forensic accountant, but you need to own a required degree and license to start with. With the available of online education and the increasing market demands for forensic accounting careers, more and more universities are offering forensic accounting degree online.

The standard education requirement to start a career as forensic accountant is a bachelor business degree in accounting or finance, and you need to have a CPA (Certified Public Account) license. In additional to the requirements, you will also need to own a forensic accounting certification such as the Forensic Examiner Diplomat or the Certified Fraud Examiner (CFE) designation. Hence, if you are interested to enter this career field, then be prepared to equip yourself with the required degree, certification & license.

Many online forensic accounting degree programs offered by accredited universities have integrated CPA and CPE credits. The degree program can prepares you with the education requirement to become a forensic accountant. The key advantages of taking the forensic accounting degree online are Flexibility and Convenient. You do not need to commute to and from the school, save your money in term of transportation cost and your valuable time. In additional, you can enroll into the forensic accounting degree program offered by your preference university without the need to consider geography factor; this means you even can pursue a degree offered by university abroad as long as they open their courses to international students.

Although there are many similar online forensic accounting degrees offered by various online universities, a few things you must confirm before you sign up with your selected degree program are:

* Your selected online degree program must be offered by a properly accredited university which the accrediting agency must be recognized by the Department of Education.
* If you intend to use the degree to enter into forensic accounting career, you must ensure that the forensic accounting degree program contains the courses that meet your goal.
* If the degree program requires you to attend certain hours of face-to-face classes or practical works, you need to find out the closest facility within your convenient distance that provides by the university.
* If you need a financial aid, then you may want to review the financial aid packages offered by the university.

In additional to the above, you must request the details information about the forensic accounting program from your short listed universities for carefully review, and talk to the admission officer to get all your questions answered before you finalized the degree program to enroll with. Most information requests and enquiries are all free of charge; you should utilize this benefit to get as detail information as possible about the degree program before you make your ultimate decision to enroll into the selected one.

In the end, forensic accounting degree program can prepares you to meet the requirements. The degree is offered as online degree program by many accredited universities which you can enroll and earn the degree from your comfort home.

A Basic Guide to Forensic Accounting

Wednesday, June 16th, 2010

While traditional accountants are hired to simply look at the numbers, forensic accountants are hired to look beyond the numbers. For this reason, they must possess considerable knowledge of accounting, auditing, investigative, and legal practices. These professionals are indispensable in assessing whether or not financial statements and other accounting records reflect reality. They also play a key role in mitigating the risk of future fraudulent activities by recommending and implementing stringent system controls through various types of enterprise risk management and audit committee advisory services. They are typically offer their clients expert witness testimony and discovery assistance during trials as well.

They are often hired to work on corporate mergers and acquisitions, divorces, and personal injury claims. Other common assignments for them include investigating matters such as identity theft, employee theft, securities fraud, bankruptcy claims, and underwriting concerns. Forensic accounting is one of the fastest growing accounting fields, and it has generated an increased amount of public attention because of a proliferation in white-collar crimes like money laundering, fraud, and embezzlement. The accounting scandals at Enron in 2001 generated significant media coverage, and accountants have been actively involved in tracing global terrorist activities since the 9/11 terror attacks.

A bachelor’s degree in accounting is required for employment as a forensic accountant, and many in the field have earned CPA certification as well. There are even Certified Fraud Examiner (CFE) and Certified Forensic Accountant (CrFA) certifications available for those wishing to pursue this career field. These accountants are employed in private corporations, police departments, banks, law firms, insurance companies, and government agencies such as the IRS, the FBI, and the CIA. The salary range in forensic accounting varies widely from $30,000 to $150,000 in annual compensation. They are also known as investigative accountants, fraud investigators, and forensic auditors.