Forensic Accounting Job Overview
Forensic accounting jobs combine investigative abilities with accounting principles to decipher a number of financial issues. Most often, this branch of accounting works closely with the law, and forensic accountants often investigate financial matters for lawyers and present their discoveries in court.
While some job responsibilities overlap with those of auditors, forensic accountants are far more specialised and are well versed in tax and contract law. Forensic accountants are usually investigating tax fraud, bankruptcy claims, family law, and money-laundering allegations. Knowledge of business accounting is typically helpful for forensic accountants.
Forensic Accounting Job Education Requirements
A bachelor's degree in accounting, finance, or forensic accounting is necessary to work as a forensic accountant. Many forensic accountants choose to supplement their education with law and criminal justice. Additionally, many forensic accountants are learning IT skills, such as data analysis, to enhance their abilities. Many employers require that forensic accountants be certified with the Institute of Certified Forensic Accountants.
Forensic Accounting Job Market
Conducting a forensic accounting investigation often involves collecting, recreating, and analysing data. Forensic accountants with accounting information systems, IT and data analysis experience are in demand in this growing field.
Large accounting firms and corporate offices may employ a forensic accountant or have a forensics department. The likelihood of finding a firm or a business large enough to need a forensic accountant rises in big cities. Job seekers looking for forensic accounting work should start in Canada's largest cities with significant numbers of corporate headquarters, such as Toronto and Calgary.
Forensic Accounting Job Salary Information
Accountants in Canada make a median hourly wage of C$29.00. Accountants in Alberta, Ontario, and Saskatchewan make more than the country's median salary. Forensic accountants make considerably more than other accounting professionals, bringing in an average annual salary of C$79,000.