The definition of forensic accounting is the application of methodology to legal issues. It is frequently associated with white-collar crime, fraud, embezzlement, and general abuse of fund issues. If you are planning to further your education in accounting, this is what will be required of you to obtain your forensic accounting certification: The Candidates must have an undergraduate degree in accounting from a recognized university and have achieved 60% average. Other academic or professional qualifications plus a minimum of five years full-time work experience may be approved by the Program Director, Forensic Studies, before a person can obtain a forensic accounting certification. It has been brought to the attention of many companies that the "corporate failures in the USA in recent times," has the growing public awareness of the need for accounting and finance professionals have grown. Now the need for investigative services within the accounting departments of such big companies needs to be dealt with.
However, the regular person with a CPA will not have the skills it takes to investigate management. There has been such mismanagement, fraud, and unethical behavior within these companies, the need for accounting "watchdogs" has become a big issue. It is now necessary to analyze the underlying characteristics of corporate activities identifying corporate governance issues. A person must obtain the forensic accounting certification in order to have the experience and knowledge to deal with such important issues. There are many online classes today were you can obtain a forensic accounting certification, because of the widespread growth in white-collar crime, including both fraudulent financial reporting and misappropriation of asset schemes.
Corruption and Homeland Security also have important implications for forensic accountants. Racketeering and terrorist groups often rely on money laundering schemes to finance and disguise their activities. The increased use of computer technology in society, in general, and as a tool for conducting criminal activities, present new challenges to the forensic accountant, including fraud investigation.
Now, because of such dealings in corporations, it is necessary to investigate underlying characteristics of corporate activities and make sure those who run such corporations keep up their dealings on the ethical sides of the line. In order to investigate corporate activities properly, one must have a forensic accounting certification. It takes a lot to get a forensic accounting certification, but with legal dealings today, it's probably a good idea to apply for one. .
By: LeeAnna
