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Forensic Accounting: A Lucrative Career Path for Aspiring Accountants

For those interested in a career in forensic accounting, National University offers a range of programs that can help them achieve their goals. With a Bachelor of Science in Accounting (BS Acc) as a starting point, students can gain the core skills and fundamental principles needed to pursue a wide range of careers in forensic accounting.

Master’s Degree in Accounting

For those looking to advance their studies and career, National University offers a Master of Science in Accounting (MSA). With two unique pathways for students with or without an undergraduate degree in accounting, this accredited master’s degree is ideal for learners from all academic and professional backgrounds. The program covers topics such as:

  • Business and individual taxation
  • Data analytics
  • Auditing
  • Ethics

And more! This program can be completed 100% online for a flexible and convenient learning experience.

Courses in Criminal Justice

National University also offers a range of courses in criminal justice that may be of interest to accounting students. These include:

  • Digital evidence
  • Network defense
  • Law for small businesses
  • And many others!

Students may also wish to major in accounting and minor in a field related to criminal justice, such as forensic sciences or cybersecurity.

Joining Forensic Accounting Professional Organizations

To gain further knowledge and expertise in forensic accounting, it’s essential to join professional organizations such as:

  • The Association of Certified Fraud Examiners (ACFE)
  • The National Association of Forensic Accountants (NAFA)

These organizations offer training, networking opportunities, and certification programs that can help professionals advance their careers.

Becoming a Certified Fraud Examiner

To become a certified fraud examiner (CFE), one must pass an exam administered by the ACFE. This certification is recognized worldwide as a mark of expertise in forensic accounting.

Career Paths and Applications

Forensic accountants can work in a variety of industries, including:

  • Public accounting firms
  • Government agencies
  • Law enforcement
  • Financial institutions
  • Corporations
  • Nonprofit organizations
  • Consulting firms

With a graduate or undergraduate degree in accounting and CFE certification, professionals can pursue careers in:

  • Tax fraud
  • Money laundering
  • Securities fraud
  • Hidden or misappropriated assets
  • Family and marital disputes
  • Insurance claims
  • Business economic losses
  • Identity theft

Forensic Accounting Salary

According to the Bureau of Labor Statistics, accountants and auditors earned a median salary of over $77,000 per year, with a high-end salary of $144,750. Forensic accountants are in high demand, like other types of accountants throughout the country, with a projected 7% change in employment from 2020 to 2030.

In conclusion, forensic accounting is a lucrative career path that requires specialized skills and knowledge. By pursuing a degree in accounting and joining professional organizations, professionals can gain the expertise needed to succeed in this field. With a growing demand for forensic accountants, now is an excellent time to consider a career in this exciting and challenging field.