Masters in Forensic Accounting Programs are specialized accounting programs that may help graduate students, accounting and security professionals cultivate the accounting skills necessary to develop expertise and competency to investigate fraud or embezzlement and to analyze financial information for use in legal and court proceedings. If you have a Bachelor's degree in accounting, this may be a great way to leverage your analytical skills and create a potential career niche.
As a student of forensic accounting, you have the opportunity to focus your master’s degree on the exciting and often complex integration of accounting, audit, legal and investigative skills in the prevention, detection and investigation of financial fraud and dispute resolution. Masters in Forensic Accounting programs usually take 1 to 2 years, and may involve hands on learning, graduate admissions testing and accounting experience. The typical prerequisite for admissions is a Bachelor's degree preferably in forensic accounting, business or finance.
Why Consider a Masters Degree in Forensic Accounting?
Forensic accounting, or financial forensics is a specialized area of accounting that uses accounting skills such as auditing to investigate fraud or embezzlement and to analyze financial information for use in legal proceedings. In a Masters in Forensic Accounting program, students may learn how forensic accounting principles can be applied to complex financial transactions, such as mergers and acquisitions, bankruptcies and contract disputes. Furthermore, you may study how results of forensic accounting reports are used in court cases to prosecute white-collar criminals.
FACT: “Forensic” means “suitable for use in a court of law”[i]
What is a Forensic Accountant?
Forensic accountants are professionals who work with law enforcement personnel and lawyers to assist in investigating and prosecuting individuals for crimes such as financial fraud or other illegal activities. The two major areas in this discipline that a specialist helps with are litigation support and investigative accounting. An example of litigation support is quantifying economic damages such as the loss created by a breach of contract. Investigative supporting might cover a variety of areas such as insurance or securities fraud or employee theft. Particularly with investigative accounting, the forensic accountant is part detective and searches for clues to solve a mystery. Forensic accountants also provide support in other interesting areas – for example cybercrime.