Forensic Accounting

The world of solving crimes has always been an intriguing business to the common man. There are a lot of departments and disciplines that go into the process of solving crimes. One such discipline is Forensic Accounting. Forensic Accounting is the method of using accounting, auditing, and investigative skills to conduct various investigations into the finances of a particular business organisation or a person's financial history. The study of Forensic Accounting goes beyond looking through numbers. Aspirants must be highly alert and aware of situations as to not overlook minor details that could lead to solving cases. Forensic Accounting is often used in cases of embezzlement or fraud that is a branch of forensic sciences as a discipline. According to the Global Fraud and Identity Report, 33% of businesses experienced more fraud losses than they did in the prior year. Thus, Forensic Accounting as a career option is rising in demand.

Study Levels

The different study levels that are offered in this sub-discipline are:
BBA in Accounting
Bachelor in Accounting and Master of Accountancy
B.Sc. in Accounting
B.Sc.in Accountancy
B.Sc.in Finance
Bachelor in Accounting
B.Sc.in Forensic Accounting
BBA in Finance
B.Sc.in Economics
Pre Bachelor Undergraduate Transfer Programme - Accounting
B.Sc. Business - Accounting
BBA Public Accounting
BBA Business Administration-Accounting
Bachelor - Public Accounting
Master in Forensic Studies in Forensic Science
Master in Professional Accounting
Accounting Micro Master Programme
M.Sc. in Forensic Accounting
M.Sc. in Analytics
M.Sc. in Forensic Investigation
M.Sc. Forensic Science
M.Sc. Accounting and Finance

Specialisations

Forensic Accounting is quite a vast discipline and branches out into further specifications. The methods and study of Forensic Accounting are used in various fields of study.

Students can choose to specialize in areas like:

Financial Theft
Securities Fraud
Bankruptcy
Defaulting on debt
Economic Damages
M and A related lawsuits
Tax evasion

Corporate Valuation disputes
Professional Negligence claims
Money laundering
Privacy Information
Divorce Proceedings
Insurance claims
Personal Injury claims
Royalty Audits

Employability

There is a huge rise in demand for Forensic Accountants as the fraud rate in the world is increasing. The study of forensic accounting deals with the process of examining data to determine where the missing funds may have gone and how to recover them. The work also includes presenting reports of the clients' financial findings as evidence during hearings, where they often testify as expert witnesses. Studying forensic accounting will equip aspirants with important skills needed for the trade. These skills include; detail-oriented approach, interviewing skills, analytical skills, communication skills, creative thinking, and problem-solving skills. There are many employment opportunities in the field as aspirants after graduating, may be employed by insurance companies, banks, police forces, government agencies, or public accounting firms. There are a plethora of job opportunities in this field.

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