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Forensic accountant

Find out more about the career path to being a forensic accountant and the typical tasks involved.

Forensic accounting is a dynamic and challenging field, with diverse cases ranging from financial fraud to asset tracing. Forensic accountants assist their clients in matters such as preventing financial losses, recovering stolen assets and aiding in legal processes.

Job summary

Forensic accountants are hired to investigate financial discrepancies and irregularities. As a forensic accountant you could be an expert witness - providing your expertise as part of a dispute or litigation - or assist with investigations being carried out for an internal corporate investigation. Forensic accountants dig deep into the financial evidence available before providing analysis for their client, which might involve producing a report, preparing documents for court, or giving evidence as an expert witness.

There are several niche areas a forensic accountant can specialise in, including: business and share valuations; fraud and regulatory investigations; insurance claims; matrimonial disputes; professional negligence; tax investigations.

Qualities/skills needed:

  • Meticulous attention to detail
  • Analytical thinking and problem solving skills
  • Strong written and verbal communication
  • Understanding of relevant laws and legal procedures
  • Ability to use specialised software to analyse large data sets
  • High integrity and impartiality
  • Able to manage multiple client engagements

Typical tasks:

  • Analyzing financial data to identify discrepancies or patterns
  • Carrying out investigations into allegations of bribery, corruption or fraud
  • Create financial models to support business valuation assessments
  • Providing expert testimony in court
  • Producing reports suitable for legal proceedings
  • Advising companies on best practices for fraud prevention

Articles & features

Webinars & recordings

ICAEW's Forensic & Expert Witness community provides events, webinars and training for community members.

eBooks

The ICAEW Library & Information Service provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

Join the Forensic & Expert Witness Community

Essential resources, news and support for forensic accountants and expert witnesses. Membership is open to everyone, including non-ICAEW members.
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