For those with a talent for mathematics and James Bond's knack for intrigue, a forensic accounting degree may be the perfect fit.
Forensic accountants investigate claims of theft and fraud. They follow the money trail in divorce proceedings. They work to recover money for their clients.
The ideal forensic accountant tends to react with suspicion. He or she analyzes possible cases of embezzlement, money laundering, and insurance fraud. This person testifies under oath as a subject matter expert. They understand both accounting and business law.
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What kind of Forensic Accounting Degree should I get?
Expect to write reports, pore over financial statements, and prepare for future litigation.
Forensic accountants took down Al Capone. Forensic accountants spent 14 years hunting $1 billion embezzled by publisher Robert Maxwell in the 1980s. When the families of Nicole Brown Simpson and Ronald Goldman sued O.J. Simpson, Mr. Simpson claimed poverty. Forensic accountants uncovered millions of hidden dollars. The families received $33 million.
Enroll for a Bachelor's degree in Accounting to begin this career. Look for programs with at least a minor or concentration in Forensic Accounting. Some offer alternative emphases like Fraud Investigation or Internal Auditing. Consider pursuing a Master's degree in the future.
If you're considering other online programs, take a look at College Choice's ranking of the Top Online Universities.
How much money do Forensic Accountants make?
The U.S. Bureau of Labor Statistics forecasts a 10 percent increase in jobs for all accountants. An accountant who adapts to emerging technology has an advantage. A recognized certification such as the CPA, CIA, or CFE boosts hirability.
Financial accounting specialists report a median annual wage of $68,780. The full span ranges from $42,140 to $120,910. Anticipate 40 or more hours of work each week. The longest hours come at the end of the fiscal year and leading up to Tax Day on April 15.
Learn more about how much money accountants make.
What are the requirements for obtaining a Forensic Accounting Degree?
Forensic accountants need nationally recognized certification. Options include the designations Certified Public Accountant (CPA), Certified Internal Auditor (CIA), and Certified Fraud Examiner (CFE). The American Board of Forensic Accounting grants the Certified Forensic Accountant (CRFAC) designation.
CRFACs need a clean criminal record and two years of work experience. They maintain a CPA license in good standing. CRFACs pursue continuing education, workshops, and other professional development.
Learn more about accountant requirements.
What Are the Best Online Schools for Forensic Accounting?
Finding schools that offer forensic accounting requires legwork. Some use alternative names for their degrees. Most schools grant a degree in Accounting with a concentration, specialization, emphasis, or minor in Forensic Accounting.
We utilized Internet research combined with college and university website information. We owe our understanding of the field to the Forensic CPA Society and the American Board of Forensic Accounting.
Statistics come from U.S. News, the IPEDS database from College Navigator, and ThePrinceton Review. Final rankings include the average net price of tuition after financial aid.
Below are the top seven Forensic Accounting programs in the United States.
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