What is a forensic accountant and how to become one

Updated January 8, 2025
4 min read
Quoted Expert
Dr. John McGowan

Forensic accountants assess financial data to determine where missing money has gone and how it can be recovered. As the forensic accountant, you are expected to draw up a report based on your analysis, which will serve as evidence, and present your findings, in court, as an expert witness. Your responsibility as a forensic accountant is to use your investigative skills and accounting knowledge to prevent, detect, and prosecute financial felonies. Your role may also be extended to providing consultation services to companies that handle large amounts of money.

The position of a forensic accountant requires you to be observant, detail-oriented, and have strong analytical skills. You need to see yourself as a detective and be quick to spot financial anomalies. To become a forensic accountant, you need to obtain a bachelor's degree in business management or criminal justice and major in forensic accounting. After attaining your bachelor's degree, you will be required to obtain your accountant licensure and forensic accounting credentials and certifications.

What general advice would you give to a Forensic Accountant?

Dr. John McGowanDr. John McGowan LinkedIn Profile

Professor of Accounting, Saint Louis University

One big difference will be the commitment of the student (new employee) to their new place of employment. In times past, Millennials had the reputation of jumping freely between jobs. As I talk to current CEOs, I hear how current employees have stepped up their productivity, for fear of being the next person to be laid off. It's become so hard to find and keep a job that employees are motivated to go the extra mile to hang on to their positions.
ScoreForensic AccountantUS Average
Salary
5.2

Avg. Salary $66,833

Avg. Salary $59,228

Stability Level
5.4

Growth Rate 6%

Growth Rate 0.3%

Diversity
6.4
Race

American Indian and Alaska Native 0.46%

Asian 12.14%

Black or African American 8.75%

Hispanic or Latino 11.09%

Unknown 3.97%

White 63.59%

Gender

female 42.97%

male 57.03%

Age - 43
Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 43
Stress Level
5.4

Stress level is manageable

7.1 - high

Complexity Level
8.3

Complexity Level is challenging

7 - challenging

Work Life Balance
6.7

Work Life balance is good

6.4 - fair

Newest jobs for Forensic Accountant in ,

Receive alerts for the newest job postings.

Forensic Accountant career paths

Key steps to become a forensic accountant

  1. Explore forensic accountant education requirements

    Most common forensic accountant degrees

    Bachelor's

    71.2 %

    Master's

    19.6 %

    Associate

    6.5 %
  2. Start to develop specific forensic accountant skills

    Skills
    ascdesc
    Percentages
    ascdesc
    CPA21.06%
    Litigation16.46%
    Forensic Accounting8.15%
    Financial Data7.49%
    Fraud Investigations7.06%
  3. Complete relevant forensic accountant training and internships

    Accountants spend an average of 1-3 months on post-employment, on-the-job training. New forensic accountants learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a forensic accountant based on U.S. Bureau of Labor Statistics data and data from real forensic accountant resumes.
  4. Research forensic accountant duties and responsibilities

    • Prepare internal financial reports for treasury manage accounts include in external compliance reports.
    • Gain accounting and auditing experience with this CPA firm.
    • Select and roll out ERP software to meet company requirements.
    • Complete all tasks for a full service CPA firm independently with little supervision.
  5. Apply for forensic accountant jobs

    Now it's time to start searching for a forensic accountant job. Consider the tips below for a successful job search:

    1. Browse job boards for relevant postings
    2. Consult your professional network
    3. Reach out to companies you're interested in working for directly
    4. Watch out for job scams

How Did You Land Your First Forensic Accountant Job

Zippi

Are you a Forensic Accountant?

Share your story for a free salary report.

Average forensic accountant salary

The average Forensic Accountant salary in the United States is $66,833 per year or $32 per hour. Forensic accountant salaries range between $44,000 and $100,000 per year.

Average Forensic Accountant Salary
$66,833 Yearly
$32.13 hourly

What Am I Worth?

Loading...
salary-calculator

How do forensic accountants rate their job?

-/5

5 Stars

4 Stars

3 Stars

2 Stars

1 Star

Forensic Accountant reviews

profile
A zippia user wrote a review on Feb 2020
Cons

Business owners that do not know or understand compliance and GAAP, or the patience to follow the rules... generally common in small companies.


profile
A zippia user wrote a review on Aug 2019
Cons

I dislike situations where no planning had been done. I am bothered when a client has an accounting problem that could have been avoided by proper planning.


Working as a Forensic Accountant? Share your experience anonymously.
Overall Rating*
Career Growth
Work/Life balance
Pay/Salary

Forensic Accountant FAQs

Search for forensic accountant jobs

Loading...

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Browse business and financial jobs