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Forensic accountants play a vital role in the world of corporate litigation. It is their work that either protects or brings to justice companies or individuals that are subject to legal scrutiny resulting from financial issues.
Forensic accountants act as expert witnesses in corporate litigation cases. They advise their clients on all forms of corporate litigation and disputes. Investigations can include cases of fraud, revenue recovery and the causes of insolvency. Employers are usually Top 4 and Top 10 accounting firms; however some large law firms have Forensic accountants or departments.
Is it for you?
To be a successful in Forensic accounting you must have a combination of strong analytical skills, deductive logic, an exceptional eye for detail and a naturally curious and investigative personality. A legal mindset will also be advantageous. Excellent written and verbal communication skills are needed for formal and admissible reports, combined with a strong nerve as you may find yourself being cross examined by top barristers.
Career prospects:
Career prospects in this specialism have never been better due to the increasingly litigious world of business. The Forensic profession is growing quickly, comparatively well remunerated and offering fast-track progression for the right individuals. Some of the youngest Partners exist in Forensics.