Q&A

Do Forensic accountants work for the government?

Do Forensic accountants work for the government?

Several federal government agencies and law enforcement organizations hire forensic accountants to carry on the US government’s necessary criminal investigative work. These organizations include the Federal Bureau of Investigations (FBI), Central Intelligence Agency (CIA) and Internal Revenue Service (IRS).

Does the IRS hire forensic accountants?

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Does the FBI hire forensic accountants?

They are assigned to all 56 FBI Field Offices or work in a Division at FBI Headquarters in Washington, DC. Each Forensic Accountant will work at the office for which he or she has applied and are hired.

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Who can hire forensic accountants?

For Certified Forensic Accountant it is necessary to be a student from a recognized institution/university, should have three years professional experience and has passed Certified Forensic Accounting Professional (CFAP) Exams of Indiaforensic Center of Studies with minimum 75\% of marks.

What do forensic accountants do for the IRS?

Forensic accountants have detailed knowledge of tax fraud definitions and IRS investigative resources, as well as experience dealing with IRS agents. The role of the forensic accountant in tax fraud litigation is to assist Legal Counsel in the resolution of tax disputes.

How many forensic accountants are in the FBI?

600 forensic accountants
Today, the FBI employs about 600 forensic accountants, more than 40\% of whom are CPAs (for more details, see “CPAs and Forensic Accountants in the FBI”). Forty-one FBI agents hold the AICPA Certified in Financial Forensics (CFF) credential, according to the AICPA Forensic and Valuation Services Section.

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How much does a forensic accountant make in the FBI?

Average Federal Bureau of Investigation (FBI) Forensic Accountant yearly pay in the United States is approximately $117,000, which is 61\% above the national average.

What is the demand for forensic accountants?

The Bureau of Labor Statistics (BLS) predicts 13\% job growth for accountants and auditors by 2022. The growth of all forensic accounting jobs should correspond with this rate, if not exceed it due increasing financial regulations, with some estimates predicting a 20\% growth in demand for investigative auditors.

Why would you hire a forensic accountant?

If you have been robbed or financially taken advantage of in any way you may need to hire a forensic accountant in order to seek justice. Attorneys, insurers, creditors and many other entities hire forensic accountants to conduct research and present findings as witness testimony in court.

What does a criminal investigator for the IRS do?

The Internal Revenue Service Criminal Investigation Division conducts criminal investigations regarding alleged violations of the Internal Revenue Code, the Bank Secrecy Act and various money laundering statutes. The findings of these investigations are referred to the Department of Justice for recommended prosecution.