Certified Forensic Accountant- Professional Who Testifies Matters of Fraud Business
Forensic accounting experts are essentially required in the matter of accountancy that describes engagements from actual or anticipated disputes or litigation. A certified forensic accountant works in the standard of the accounting to investigate the any fraud matters happened in the organization. This designation is also referred as forensic auditor or investigative auditors who provide their expertise in the eventual trial. These experts handle the matters of insurance claim, fraud, personals injury, construction and royalty auditing.
Certified forensic accounting professional undergoes extensive training to gain expertise in the field of forensic accounting, litigation support, forensic auditing and investigative accounting. They may be involved in recovering proceeds of crime and in the matters of confiscation proceedings concerning actual or assumed proceeds of crime of fraud and money laundering. The certified forensic accountant services are sought by many organizations to solve the matters of misconduct and illegal transactions. Some of the professionals are also referred as certified forensic accounting professionals, certified public accountants, certified fraud examiners, chartered accountants or ACCAs.
Those aspirants who want to make their career as a forensic accountant have to have the investigative skills needed to assist in legal matters. Their skill encompasses areas related to litigation support, investigation and dispute resolution. The litigation support is actually needed in factual presentation of the economic issues. They help to solve legal disputes, even before they reach the courtroom. In case, if a dispute reaches the courtroom then certified forensic accountant may testify as an expert witness. In the securities fraud, they identify theft and insurance fraud occurred to the employees. They come with the right recommendations to minimize the future risk of loss.
The services of forensic accountants are required in some other cases of business organization. These cases are related to the bankruptcy, business interruption claims, business valuations, commercial damages, contract damages & shareholder disputes, employment and lost earnings analysis, fraudulent conveyance and solvency analysis, profits & loss analysis, health care fraud, tax fraud etc. There are many online links of the institutes offering the course of certified forensic accounting. You can go through the computer-based exams, but the self-assessment test needs to be completed before the final exam.