How Forensic Accounting Works

Becoming a Forensic Accountant

Forensic accounting can be a very lucrative and enjoyable career with a wide variety of potential employers. Forensic accountants -- like all accountants -- must have a thorough knowledge of Generally Accepted Accounting Principles (GAAP), business practices and applicable laws. In the United States, most forensic accountants have at least a bachelor's degree in accounting, with a few years of experience within that field.

The next step in becoming a forensic accountant is passing the Uniform Certified Public Accountant Examination to become a Certified Public Accountant (CPA). This exam was created by the American Institute of Certified Public Accountants, which is a condition of employment by many firms, in addition to meeting other state and federal eligibility requirements. Continuing education is a requirement of maintaining the status of CPA, and many aspiring forensic accountants attend graduate school to fulfill this requirement, as well as gain more knowledge in the field and become more marketable. Many universities offer master's degrees in forensic accounting or in business administration with a concentration in forensic accounting.

Some forensic accountants take courses in:

  • Sociology
  • Psychology
  • Law enforcement
  • Criminal law
  • Business law
  • Business and finance
  • Information systems
  • Communication

There are several organizations that provide training and additional certification for forensic accountants. The American College of Forensic Examiners International (ACFEI) began offering a designation of Certified Forensic Accountant (Cr.FA) in 2001. There is also the Association of Certified Fraud Examiners (ACFE), which offers a designation of Certified Fraud Examiner (CFE), and the Association of Certified Fraud Specialists (ACFS), which has a designation of Certified Fraud Specialist (CFS). Each organization requires that its members possess varying degrees of education and experience, and they must sit for additional exams. These certifications show that a forensic accountant has training and experience beyond that of a standard accountant.

For more information about forensic accounting and related topics, check out the links below.

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  • Bologna, Jack G. and Robert J. Lindquist. "Fraud Auditing and Forensic Accounting." John Wiley & Sons. 1987.
  • Crumbley, Larry D., et al. "Forensic and Investigative Accounting." CCH Incorporated. 2005.
  • Dykeman, Francis C. "Forensic Accounting." John Wiley & Sons. 1982.
  • Glater, Jonathan D. "And Now, a Case for the Forensic Accountant." New York Times. June 3, 2001.
  • Silverstone, Howard and Michael Sheetz. "Forensic Accounting and Fraud Investigation for Non-Experts." John Wiley & Sons. 2004.
  • Simpson, Richard. "Heather calls in the experts to prove Paul does have 800 million." Daily Mail. March 27, 2008. experts-prove-Paul-DOES-800million.html
  • Stanwick, Sarah and Peter Stanwick. "Sunbeam Corporation: 'Chainsaw Al' and the Quest for a Turnaround." Auburn University Business Ethics Resource. 2003.