Our Forensic Accounting Courses, give you opportunity to develop the specialist accounting skills and knowledge for a career in forensic investigation and dispute resolution.
Forensic accounting courses, prepare you for a career that is particularly focused on detecting and preventing fraud. The programmes are delivered through flexible distance learning mode to suit individuals with busy lives and other commitments.
Current economic recession has seen a great rise in white collar crime as the occurrences of occupational fraud have been amplified. According to an estimates by The Association Of Certified Fraud Examiners (ACFE) occupational fraud causes a loss of $994 billion annually to organizations. American Institute of Certified Public Accountants (AICPA) has recently mentioned that the demand for forensic accounting is high. Financial scams and frauds are the global problems these days. Hence the demand for forensic accountants has increased greatly in recent years.
Although the research about financial fraud and embezzlement differs to some extent from region to region, the fraud schemes and perpetrators however have great similarities. Forensic accountants need not only be familiar with financial accounting but also with business law , tax , psychology and criminology, etc. The study of financial fraud and malfeasance is called forensic accounting. According to webmaster's directory 'forensic' means 'belonging to, used in, or suitable to courts of judicature or to public discussion and debate'.
Forensic accounting, often called investigative accounting involves the use of accounting concepts and techniques to respond to legal problems and issues. Forensic accountants investigate financial fraud and white collar crimes such as embezzlement. They provide litigation support to attorney's and law enforcement agencies when investigating financial frauds. Overall forensic accounting provides analysis of the accounts ( the evidence) in the form that is suitable to submit in the court and forms basis for discussions and finally leads to the dispute resolution.
A question is often asked. What does a forensic accountant do?Forensic accounts are hired by large and small organisations(employed by lawyers, law enforcement agencies, public and private companies, government organisations and financial institutions). Large companies hire forensic accountants to investigate fraud allegations about their employees, customers and suppliers. When hired, Forensic Accountants, investigate the matter and present their findings about complex financial information in a manner that is not only easily understood by all but is well supported. This professional independent judgement, figures out to be a presentation at such a high level of reliability, that it can qualify to be an evidence in legal proceedings conducted.
How to become a Forensic Accountant?
Many people are enthusiastic to know 'how to become a forensic accountant'? Being efficient as an accountant does not necessarily mean that the person will be successful as a forensic accountant as well. For successful practice of forensic accounting you need to possess a wide range of knowledge and skills. It is actually much more than dealing with merely numbers. Forensic accounts understand the psychology of the people as well. They collect information, analyse it and then evaluate the matter thoroughly based on their findings, they develop computerised data to support their analysis that they present as financial evidence, they interpret and discuss their findings in the court room or any other legal venue where they are required to do so. They are also required to have sound knowledge of the legal proceedings and concepts. In order to start your career in this highly demanding field you need to have some certification in this field. There are wide range of courses that can fulfil your needs and can help you put you on the right path. Certificate in Forensic accounting at BOLC can be a good starting point for you. If you want to have a comprehensive knowledge of forensic accounting then diploma in forensic accounting can be a perfect choice for you. Even if you are a qualified accountant and are in practice for some time you still need to have some sort of qualification in forensic accounting. Forensic accounting qualifications, can be completed through distance learning as well. Most of the people who join these courses are busy and are usually practising as accountants already. You do not necessarily have to be an accountant if you want to start your career as a forensic accountant. There is an additional benefit of taking forensic accounting courses at BOLC, by studying diploma in forensic accounting at BOLC you qualify for the professional membership of the Institute of Certified Forensic Accountants (ICFA).
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