Forensic accounting is a career that combines a variety of skills. Forensic accountants compile and analyze facts to draw conclusions and make financial calculations. They also present business data at a high level. Compensation for a forensic accountant depends on a number of factors, including educational background, experience, and certifications. For more information on salary and job description, please refer to the Professional Salary Report.
Forensic accountants are also called investigative auditors. Their experience and specialized knowledge is valued in courts. For example, a recent Tax Court ruling upheld a professor’s $300,000 tax bill. This decision provides a valuable lesson for anyone who has lived abroad. To avoid such a scenario, a forensic accountant may be the best choice. Forensic accountants are also often called expert witnesses.
Forensic accountants have many uses, including helping divorced spouses to sort through complicated financial issues. Forensic accountants can help protect you from inaccurately high income calculations. Forensic accountants are also useful in determining whether a non-custodial parent is hiding income and expenses, or running personal expenses through a company. Forensic accountants can also help you calculate your spouse’s marital lifestyle.
Forensic accountants are experienced professionals who analyze and investigate the financial activity of other people or businesses. They are specialized in accounting, antitrust, damages, valuation, and general consulting. In the past, forensic accountants have been useful in divorce cases, tracking terrorism, and settling other disputes. Forensic accountants also assist in the preparation of detailed analyses, expert reports, exhibits, and other documents.