THE ESSENTIAL GUIDE TO FORENSIC ACCOUNTING

For better or worse, there’s never been a better time to be a forensic accountant. In recent years, financial scandals like the Madoff Ponzi scheme, Lehman Brother’s falsified loans, and the Samsung bribery case, have shown how important trained, experienced financial investigators really are. In the era of globalization, Big Data, and deregulation, there’s a lot of temptation to make a fast buck or take advantage of consumer trust for a bigger payday. To fight corruption and keep markets fair, there is an ever-growing need for forensic accountants who can find, analyze, and communicate fraud and deception to the authorities and to the public.

However, it’s not all fraud and deception. Granted, that’s the exciting stuff, but forensic accountants have a role in all sorts of financial, business, and legal settings. Forensic accountants help investors do their due diligence, analyzing deals to suss out potential fraud. They investigate bankruptcies, mergers, and acquisitions, to make sure all parties involved are showing their cards. Forensic accountants help law firms in divorce cases, dragging out any financial skeletons in the closet, and they work in insurance companies verifying whether claims are legitimate and how much loss the company will take on certain clients.

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