Spotlight on Accounting Careers - Financial and Fraud Investigation Accounting

Like it or not, frauds are an inherent part ofIn your career you can look at investigating cases
business transactions in several companies.from divorce and bankruptcy to capital crime and
Investigating these frauds and ensuring thatfraudulent transactions like money laundering. You
transparency and clarity exist in all the financialcan find job opportunities with private
transactions of an organization is one of the maincorporations, and government organizations like
objectives of an accountant's role. This haspolice departments, FBI and CIA. You can also
created an important career path for manylook at employment opportunities with banks,
accounting professionals.public accounting firms, insurance companies and
Fraud investigation accounting is an important rolelaw firms.
for several accounting professionals across theAs a Fraud Investigator, you can start with a
globe. Many billions of dollars are lost in frauds andsalary range of anywhere between $30,000 to
fraudulent activities across businesses and it is$60,000 and work your way up to a salary range
often the smaller businesses and the commonof $125,000 to $150,000.
man who suffers at the end of such scenarios. ItYour work profile will include investigating cases
is the chief role of every accountant to ensureinvolving unfair and deceptive business practices,
transparency and adherence to the law withinsurance casualty claims, conducting civil and
respect to financial transactions of an organization.criminal investigations, interviewing people like
As a CPA (Certified Public Accountant) you willcomplainants, employees and employers,
often be required to assist fraud investigatorsresearching records, obtaining statements and
with their inquiries and searches for ensuring thatdepositions - all of this while adhering to legal
the financial transactions have been recordedrequirements about gathering evidence.
accurately. However, there are several optionsAs a Fraud Investigator, you will also write
available for you if you are interested in pursuingreports where you establish proof of facts and
a career in the field of financial fraud investigation.provide evidence that can be used in a court of
You can become a Fraud Investigator orlaw. You will present your completed investigation
Examiner by getting a degree in Forensicreport to prosecutors, US Attorney's office or to
Accounting. Typically, you can start out by gettingthe Assistant Attorney General. You may also be
a degree in accounting, and also get your CPAcalled upon to testify in a court of law or such
certification. You can then work towards gettingother proceedings with regard to your
your CFE (Certified Fraud Examiner) or CrFAinvestigation.
(Certified Forensic Accountant) certification. HavingSo, as a Fraud Investigator you can look forward
experience working with a criminal justice agencyto an exciting career of investigating and looking
or a criminal investigative agency will always comefor illegal financial transactions within companies
in handy.and help the legal processes of the country.