CFE's and Forensic Accounting
Forensic accounting combines investigation and auditing skills. These accountants investigate the finances of businesses and individuals to search for fraud, embezzlement and other illegal activity. To become a forensic accountant, you’ll need to earn a college degree. In addition, most employers also prefer a professional certification such as the Certified Fraud Examiner (CFE) distinction.
Forensic accountants must maintain independence and integrity while thoroughly analyzing various situations. They must then prepare reports and assist in litigation as needed. While forensic accounting is related to fraud auditing, forensic accounting occurs after an incident. Fraud auditors proactively attempt to prevent wrongdoing, and forensic accountants are responsible for uncovering illegal acts that have already occurred.
Forensic accountants create reports and presentations to help two parties litigate without going to court. If the parties do end up in court, the forensic accountant may have to testify as a witness. Forensic accountants should be comfortable in courtroom environments and be familiar with court proceedings.
Forensic Accountants include those CFE's with a well-rounded education to include an MBA in Finance, B.S in Business and an Associate's degree in Criminal Justice.