Forensic Accounting

1628 Words Nov 12th, 2005 7 Pages
FORENSIC ACCOUNTING
MORE THAN JUST NUMBERS

The field of accounting is no longer just for those who enjoy crunching numbers. Preparing financial statements, internal auditing, and tax accounting are only the tip of the iceberg. In today 's society of the "money hungry", the "sue happy", and the financially unfit, a new breed of accountant; the "Forensic Accountant" has emerged. Although Investigative Accounting has been around for years, it has only recently begun to transform into the science of accounting, hence Forensic Accounting. Forensic accountants are unique, looking beyond the numbers, digging deep to uncover fraud, hidden assets, and the like. The word forensic is defined in Merriam Webster 's dictionary as "relating to
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Uncovering these minute irregularities requires superior interviewing skills as well as the ability to dissect the information obtained. Technical knowledge is also a plus; the increase in the use of computers, personal data assistants, and cell phone technologies have (in some cases) eliminated the hard copy paper trails of years past. Keeping up-to-date in the advancement of these and other technological products is imperative. Work experience requirements vary from company to company and depend largely upon the type of case work performed. Some forensic accountants enter the field of accounting as Certified Public Accountants; then at some point in their careers are placed in an investigative role using the knowledge gained in their CPA practice to further their careers as forensic accountants. Others start their career paths in seemingly totally unrelated fields, e.g., law enforcement, using the knowledge gained through those careers to further their careers in Forensic Accounting. In any case, the minimum two years work experience in some aspect of the accounting field is required. Most forensic accountants work from a base office as would any other accountant; however the actual working conditions vary greatly depending upon the stage of the specific case or the magnitude of the specific case. During the investigative stage; a forensic accountant may spend many hours

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