Who is a forensic accountant?
A forensic accountant is a professional who is responsible to collect and analyze the financial pieces of evidence that are used in court. They may also be needed to develop computer programs that help manage the information as well as the creation of visual aids such as charts or graphs as and when it is necessary during the trials.
What does a forensic accountant do?
Forensic accountants are responsible for the analysis, interpretation, and summarization of complex financial and business matters. They may be employed by either insurance companies, public accounting firms, or government agencies. They compile evidence and develop computer applications to manage all the data collected.
Job brief
We are looking for a forensic accountant who is ready to audit our financial records for inaccuracies and discrepancies. Your responsibility will also include performing forensic research on and analysis of our company’s financial data to identify potential fraud. You will be needed to combine your investigation skills along with your knowledge of accounting procedures.
Duties and Responsibilities
The duties and responsibilities of a forensic accountant can be provided as follows:
- Reviewing of financial documents to identify if there are any inaccuracies
- Forecast and prevent any financial fraud
- Ensure that all accounting procedures follow legislation
- Attend court as and when needed
- Perform regular financial record audits to ensure there is compliance with the law
- Keep organized files of all legal case
- Report on revenue losses and damages from contract breaches
- Provide litigation support and present findings to be used as evidence during trials
- Analyze financial data and trace discrepancies
Key requirements
The key requirements of a forensic accountant can be provided as follows:
- Proven work experience as a forensic accountant or a CPA (Certified Public Accountant) or relevant role
- Degree in accounting or finance with either a CFE or CPA certification
- The ability to handle confidential information
- Strong investigative and analytical skills
- Understanding of forensic auditing procedures
- Experience with accounting and financial procedures
- Thorough knowledge of GAAP (Generally Accepted Accounting Principles)
- Familiarity with accounting software and spreadsheets
- Excellent numeracy skills with an ability to spot inaccuracies
