Forensic Accounting: Turning CPAs Into Private Eyes
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Forensic accounting is the integration of accounting, auditing, and investigative skills. This discipline has gained immense popularity in recent years. In fact, this field is expanding so rapidly that the number of qualified individuals in this area is not meeting its demand for job opportunities. Perhaps this dilemma can be solved by making current and future accounting professionals more aware of their chances for advancement into this relatively new field. Throughout this paper, I discuss the reasons for the increased need for forensic accountants. Before examining the job opportunities available in this field, I also outline the necessary skills and qualifications of these individuals, including personal qualities, professional skills, educational backgrounds, and employment experiences. I give a description of the duties of a forensic accountant throughout an investigation - beginning with recognizing the problem and ending with testifying as an expert witness in court. I conclude my research with a review of a number of case studies and an examination of the methodologies used by the accountants to solve these investigations.