Who uses forensic accountants?

Specialists in financial investigations and forensic accounting work with financial information in order to communicate complex in a way that others can easily understand questions. While some forensic experts in accounting and forensic accountants engaged in public practice of forensic examination, others work in the private sector entities such as banks and insurance companies or government agencies such as the Sheriff's Department and police departments, the Federal Bureau of Investigation (FBI) and the Internal Revenue Service (IRS).Fraud by employees at work usually involves the theft of property. Embezzlement was most often committed fraud during the past 30 years. Employees can participate in programs of corruption, identity theft, or conversion of corporate assets for personal use. The forensic accountant couples observation of the suspected physical examination with active employees, the supreme direction, review of documents and interviews with people involved. Experience in this type of contract allows the forensic accountant to offer suggestions as to internal controls that owners could implement to reduce the risk of fraud.Sometimes, the forensic accountant may be hired by attorneys to investigate the financial trail of persons suspected of involvement in criminal activities. Information provided by the forensic accountant can be the most effective way to obtain convictions. The forensic accountant may also be engaged by bankruptcy court when financial information is suspect or if employees (including managers) are suspected of having active.Opportunities for qualified forensic professionals abound in private accounting firms. CEOs must now certify that their financial statements are an accurate representation of the financial position and results of operations of their companies and rely more on internal controls to detect any abnormalities that may be contained in these financial statements.In addition to these activities, forensic accountants may be asked to determine the amount of the loss sustained by victims, testify in court as an expert witness and assist in the preparation of visual aids and written summaries for use in court.