What is a Forensic Accountant?
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One of the branches or specializations in the world of accounting is Forensic Accounting. The job of a Forensic Accountant is to use their skills and knowledge for litigations and cases that require investigation. Forensic Accountants combine their accounting, auditing, and investigative skills to look for and uncover information regarding financial irregularities, fraudulent activity, and commercial negligence. The word "forensic" applies in this case as it means "suitable for use in court," hence, its close relation with legislative processes.
A popular misconception about Forensic Accountants is that they spend most of their time investigating and uncovering criminal activity (e.g., embezzlement and corruption). However, while a Forensic Accountant's work is closely tied to litigation processes, it's not that common for them to work on actual criminal cases.
Forensic Accountants can be employed by specialized Accounting Firms, government agencies, and even companies looking to prevent financial scandals and improve their name and reputation. Other places where Forensic Accountants may find work are banks, police forces, and insurance companies.
Personality of a Forensic Accountant
A popular misconception about Forensic Accountants is that they spend most of their time investigating and uncovering criminal activity (e.g., embezzlement and corruption). However, while a Forensic Accountant's work is closely tied to litigation processes, it's not that common for them to work on actual criminal cases.
Forensic Accountants can be employed by specialized Accounting Firms, government agencies, and even companies looking to prevent financial scandals and improve their name and reputation. Other places where Forensic Accountants may find work are banks, police forces, and insurance companies.
Personality of a Forensic Accountant
- They are great with technology
- They have an uncanny attention to detail
- They are expert problem solvers
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