What is a Forensic Accountant?

Forensic accountants are certified public accountants who are specialists in unfolding any questionable or suspicious financial issues for businesses, nonprofits, governmental entities, and individuals using an accurate and investigative method of gathering financial data. They are usually asked to assist in searching for any facts that would justify any fraudulent activity that has taken place. Their field of expertise is often involved in bankruptcies, divorces, asset misappropriations, financial statement fraud, contract disputes, damage calculations, disputes in shareholders, and many corporate inquiries. 

Forensic accountants are also needed by corporations, charities, municipalities to prevent any future experiences in fraudulent activities by conducting fraud risk assessments and evaluating and strengthening their internal control. 

To become a forensic accountant, one should be a certified public accountant (CPA). CPAs will still undergo further education, training, and additional examinations. The American Institute for CPAs (AICPA) issues certification for Certified in Financial Forensics to CPAs who successfully completed all AICPA’s qualifying criteria. Aside from AICPA, there are also other accounting organizations that issue certification for financial accounting. 

The importance of hiring a forensic accountant lies in court cases where a defendant has been erroneously charged, or when people or entities must prove a case. Forensic accountants provide litigation support to discover and prosecute financial crimes.

When should I hire a Forensic Accountant?

Consider the following reasons in hiring for a forensic accountant.

Have Any Financial Questions?

Whether you’re looking for a forensic accountant, or someone to take  care of any IRS issues, give our El Paso CPA firm a call and we’ll help you make the right choice for your financial goals! If you have any urgent questions please call (915) 775-1040

CPA El Paso, TX

MARCUS, FAIRALL, BRISTOL + CO., PLLC

230 Thunderbird Dr Ste G, El Paso, TX 79912

Phone: (915) 775- 1040

Full-Service CPA Firm in El Paso