Who Might Use Forensic Accountants? by Chris Gilmour

The work of Forensic Accountants includes investigative or financial detective work and the results are often complicated and are required to be conveyed in a way that members of the public who aren't qualified in this area will easily understand. It is true that there are some Forensic Accountants who are commissioned in the public practice of forensic examination and there are others who work full time already in various companies such as banks and insurance companies including local and federal governmental agencies as will as departments such as the sheriff and police departments, the IRS (Internal Revenue Services) and FBI (Federal Bureau of Investigation).

If an employee is involved, known often as Occupational Fraud, it tends to involve the theft of the employers assets. This can also include disposable money. The most committed occupation fraud is known as Embezzlement however it sometimes might also be considered where employees are included in backhand schemes, identity theft (personal or company), or the conversion of company and corporate assets to be used for personal use. A Forensic Accountant will use there observation skills upon suspected employees with regard to their assets and financial documents including tax returns and will quite often interview all persons involved whether guilty or not. The Forensic Accountant requires the experience on all kinds of commissions to help the Forensic Accountant to suggest changes to internal procedures that employers can implement with the aim of reducing the possibility of occupational fraud.

Often, a Forensic Accountant might be employed by an Attorney to examine a financial trace of a person who might be suspected of engaging in various criminal activities. The various bits of information which are provided by the Forensic Accountant might be one of the most effective ways of securing a conviction. Sometimes the Forensic Accountant might also be commissioned in a bankruptcy case to examine and provide the Defendants financial information or maybe if an employee is suspected of taking or embezzling company assets.

There are many opportunities for good qualified Forensic Accountants in various private companies as well as setting up your own Forensic Accountant Consultancy. The Chief Executive Officers have to endorse that the company's financial accounts are true and correct representations of the fiscal position and the results of the operations of their company, and often they will rely heavily on internal procedures with the aim to detect any misstatement that might otherwise be included in these various financial reports including Annual Reports.

As well as these activities, a Forensic Accountant might be requested to consider a financial amount of loss affected to the victim, they may testify in court cases as a registered expert witness and might also assist with preparing visual aids and narrative reports to be used in various court cases.

About the Author

Chris has several home business websites that promote valid working from home opportunities. He writes articles about finance, the ways to spot a home work scam, treating head louse and nits by using a home remedy for head lice and Italian lifestyle and culture including the various ways to learn Italian.