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Is there a field in accounting that deals with money laundering?

Published September 10th, 2018 by Salesadmin

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BACHELOR’S IN FORENSIC ACCOUNTING, RUNNING THE NUMBERS

We collected these programs based on three criteria:

  • Published reputation rating (College Consensus)
  • Affordability (IPEDS)
  • Institution Success Rate (Scorecard)

These three metrics were weighted evenly to determine in descending order.

MORE NUMBERS

According to the Bureau of Labor and Statistics,accountants make an average salary of $68,000 per year. With such a vast number of entry-level options for accountants to choose from, any demonstrated focus area like forensics will considerably add to the value of the degree. This added value will make graduates more desirable to hire and allow them to be pickier about which job and what salary they ultimately choose. By 2022, the field of accounting is projected to grow 13% adding more jobs more money to the field. Sectors that employ forensic accountants specifically include law firms, corporate financial risk management firms, government departments, financial consulting firms, and accounting departments and firms.

FORENSIC CERTIFICATIONS WILL TAKE YOU FURTHER

In terms of advanced certifications, there are a couple of options for accountants who focus on fraud and forensics. The Association of Certified Fraud Examiners (ACFE) offers trained forensic accountants the Certified Fraud Examiner (CFE) certifications. The American Institute of Certified Public Accountants (AICPA) offers a Certified in Financial Forensics (CFF) credential. Even if the position you want does not require these particular certifications, forensic specialists who are certified will earn considerably more money than those who do not have advanced certification. The ACFEreports that forensic accountants who hold a CFE certification make 20% more than forensic accountants who do not ($85k compared to $104k per year).

So, whether you have a passion for the law and an intrinsic skill with numbers, or you know that accounting is your thing but need a way to spice it up, a bachelor’s degree in forensic accounting may be the best choice you have ever made. Red Cape and Tights on Fridays at the office is optional.


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