Spotlight on Accounting Careers: Financial and Fraud Investigation Accounting

Like it or not, frauds are an inherent part of business transactions in several companies. Investigating these frauds and ensuring that transparency and clarity exist in all the financial transactions of an organization is one of the main objectives of an accountant's role. This has created an important career path for many accounting professionals.

Fraud investigation accounting is an important role for several accounting professionals across the globe. Many billions of dollars are lost in frauds and fraudulent activities across businesses and it is often the smaller businesses and the common man who suffers at the end of such scenarios. It is the chief role of every accountant to ensure transparency and adherence to the law with respect to financial transactions of an organization.

As a CPA (Certified Public Accountant) you will often be required to assist fraud investigators with their inquiries and searches for ensuring that the financial transactions have been recorded accurately. However, there are several options available for you if you are interested in pursuing a career in the field of financial fraud investigation.

You can become a Fraud Investigator or Examiner by getting a degree in Forensic Accounting. Typically, you can start out by getting a degree in accounting, and also get your CPA certification. You can then work towards getting your CFE (Certified Fraud Examiner) or CrFA (Certified Forensic Accountant) certification. Having experience working with a criminal justice agency or a criminal investigative agency will always come in handy.

In your career you can look at investigating cases from divorce and bankruptcy to capital crime and fraudulent transactions like money laundering. You can find job opportunities with private corporations, and government organizations like police departments, FBI and CIA. You can also look at employment opportunities with banks, public accounting firms, insurance companies and law firms.

As a Fraud Investigator, you can start with a salary range of anywhere between $30,000 to $60,000 and work your way up to a salary range of $125,000 to $150,000.

Your work profile will include investigating cases involving unfair and deceptive business practices, insurance casualty claims, conducting civil and criminal investigations, interviewing people like complainants, employees and employers, researching records, obtaining statements and depositions - all of this while adhering to legal requirements about gathering evidence.

As a Fraud Investigator, you will also write reports where you establish proof of facts and provide evidence that can be used in a court of law. You will present your completed investigation report to prosecutors, US Attorney's office or to the Assistant Attorney General. You may also be called upon to testify in a court of law or such other proceedings with regard to your investigation.

So, as a Fraud Investigator you can look forward to an exciting career of investigating and looking for illegal financial transactions within companies and help the legal processes of the country.

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