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Posts Tagged ‘Education’

Becoming A Forensic Accountant

Wednesday, January 19th, 2011

A terrorist attack site is the last place where you will accept to see an accountant. However FA play an extremely important role in such events. FA do not spend time with ledgers exclusively but rather investigate. The field involves investigating white collar money crimes and providing important inputs to the criminal investigators. Sounds exciting, doesn’t it? Well this field of study is gradually becoming a popular career choice and if you have the skills you will definitely excel in this field.

For aspiring FA the first thing that is needed is basic accounting credentials. The first step to becoming a FA is becoming an ordinary accountant. It is important for FA to get a Bachelors’ Degree in accounting. So if you don’t have a Bachelors’ degree, get it immediately. You will also need to have a CPA certification. Get hold of forensic related material and educate yourself on the subject. Remember that forensic accounting is a complicated subject and therefore it is advisable to start with a beginner’s overview.

You can get training to become a Certified Forensic Accountant (CFA) or a Certified Fraud Investigator (CFI).Though the CPA certification is enough for accountants the CFA and CFI will help you to gain detailed knowledge on law enforcement. Moreover the training will give you an edge when you go job hunting. The next thing that aspiring forensic accountants need to do is choose a good forensic accounting education program. You can look for courses online as well. The upside of classroom courses lies however in the interaction with a lot of like minded people.

You should also try to talk to established accountants if you can. It will be immensely helpful. Since this line of work calls for real world experience, you must join an accountancy firm. However joining an accounting firm does not ensure forensic training from the word go. Forensic accountancy teams except some accountancy experience before you can start off. Therefore working with an accountancy firm is important. And once you have your training you have to choose a speciality area.