In the movie, “The Other Guys” starring Will Ferrell and Mark Wahlberg, Ferrell plays the role of a police officer who is also a forensic accountant. Sounds exciting, right? A forensic accountant cop – who knew they really existed?
When people see or hear the word “forensic” they almost immediately think of C.S.I. (Miami, New York, LA – take your pick). The thought of cops probing through various evidentiary materials, using their fingerprint kits, and effortlessly solving the “big case” rush through your mind. Exciting, cool, suave – you get the picture.
When you hear or read the words forensic accountant do you have the same thoughts?…probably not. You might think boring, mundane, and monotonous. But, you couldn’t be further from the truth. Forensic accountants have been described as part investigator, part auditor, part attorney, and part accountant. Just like the C.S.I. guys, forensic accountants dig deep into cases, looking at financial fingerprints, and unraveling mysteries.
Forensic accountants are often Certified Public Accountants with additional certifications such as CFE (Certified Fraud Examiner) or CFF (Certified in Financial Forensics). This is a profession where knowledge, training, and experience are vital for the success of the professional and client.
When do I know that I need to hire a forensic accountant? In some cases, it’s fairly evident such as in situations where you think there may be fraud or embezzlement. But, there are other instances like divorce, bankruptcy, and mergers when a forensic accountant should be involved.
If you ever think you may need a forensic accountant be sure to do your homework – A forensic accountant should have a strong knowledge of accounting and financial analysis, curiosity, discretion, sound professional judgment and an ability to listen effectively and communicate clearly. They should be able to consider alternatives, scrutinize the fine details and at the same time see the big picture.
Remember, some of the most famous crimes were solved by forensic accountants – Al Capone, Bernie Madoff, Enron, Tyco, WorldCom – the list goes on. I can see it now…CPA CSI on CBS.
Business Development Director
Morey, Nee, Buck & Oswald, LLC
Posted on June 27, 2013, in BradwayBlogDaily and tagged accountants, bankruptcy, Buck & Oswald, csi, csi accounting, divorce, embezzlement, forensic accouting, fraud, LLC, Martin Russo, mergers, Morey, Nee. Bookmark the permalink. Leave a comment.