Forensic Accounting
Forensic accountants lead detailed investigation and data analysis into things that have gone wrong: preventing, uncovering and solving fraud, bribery, corruption, regulatory breaches, and accounting misstatement. This career will suit those who have exceptional numeracy skills, attention to detail and a keen investigative streak.
As a grad
As a grad, you’ll search through payments, following and finding money, using data entries and specific accounting theory to know how to spot mistakes that have lead or could lead to bigger consequences. You’ll also assist in conducting interviews with people, like financial agents, police and lawyers.salary bands and hours
- £24k – £25k
- 40 hours per week
training
Aside from all of the standard accountancy qualifications, forensic accountants need to have an in-depth knowledge of each individual financial statement and be able to know how they interact with each other to reveal a certain result in uncovering mistakes or fraudulent intervention. You'll also become comfortable with forensic software such as Encase, IEF, UFED and Splunk.progression
Most graduates start their rotational training in auditing or financial accounting, then specialise in forensic accounting. As it is quite a niche area, once you’ve chosen this field, you pretty much stick to it. Many companies need a forensic accountant, so to advance in this career means having different management roles within a team – rising from accountant to manager, to head of department, and balancing experience in the field with project management of the team and clients. After being qualified for five years, you can join ICFA (Institute of Certified Forensic Accountants), which is the leading advisory service developing and promoting the field of forensic accounting. After being qualified for a number of years, you could start your own independent firm.necessary skills and requirements
Skills:- Be a quick learner and logical thinker
- Be able to juggle the mindset of a detective with an accountant
- Excellent communication skills
- Be able to build strong relationships and possess strong interpersonal skills
- You need to be driven by deadlines and have a passion for solving complex puzzles
Requirements:
- Grads can join from any discipline but will need to have a logical mindset. Some employers will look for a 2:1, however this isn't always the case.
top tips
Become interested in criminal justice, specifically economic and fraudulent activity, as working out the answer to some of these complex internet-based issues can be tiresome and require a passion for solving them.
At EY you can get hands-on, real client work and a professional qualification from day one
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