What is a forensic accountant

Todo list online

  • Forensic accounting: If your school has a forensic accounting course, take it! You will learn more about forensic techniques, internal controls and legal issues.

  • Computer: You need to be familiar with common programs such as Word, Excel, Access and PowerPoint. When investigating fraud, use these programs to conduct your analysis, generate reports, and present your findings. Also, your targets (the people and companies you investigate) use these programs, and you need to know how to navigate complex files and find the fraud cases.

    You also need to know about accounting software (such as QuickBooks, Peachtree, SAP, and Oracle) since your targets will keep their accounting records with this software.

  • Law: Knowledge of business law is invaluable to a forensic accountant in helping them understand whether certain transactions are legal and familiar with the Uniform Commercial Code. Transactions throughout the United States). Knowledge of the basics of civil and criminal law is also useful.

  • Statistics: Knowing the statistics and the principles of chance or odds will help you determine the true margin of error and defecations (the amount of money that has been misappropriated) in the transactions you are investigating.

  • Economy: Understanding the incentives that drive people to commit fraud requires understanding economics. Behavioral economics is a growing field today. In addition, knowledge of the economy helps in quantifying damage in civil litigation.

  • Psychology: Accounting is both about people and numbers. Customers tell accountants their problems with co-workers, customers, spouses ... you need to learn how to be treated as a confidante and advisor.

  • Ethics: When you encounter situations where someone's actions are within the limits of the law but are still wrong, what do you do? Studying ethics can help.

  • Languages: Never underestimate the value of a second (or third or fourth) language. If a criminal speaks a language other than English, the investigator should do the same.

  • Criminology: Studying crime, criminals, and corrections will help you understand how the scammers crack down on your work, why they do what they do, and how they treat the people around them. ..