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Occupation Details

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Forensic Accountant

Job Zone

Education
Most of these occupations require qualifications at NFQ Levels 7 or 8 (Ordinary / Honours Degrees) but some do not.

Related Experience
A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an engineer must complete four years of college and work for several years in engineering to be considered qualified.

Job Training
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Job Zone Examples
Many of these occupations involve coordinating, supervising, managing, or training others. Examples include accountants, sales managers, computer programmers, teachers, chemists, environmental engineers, criminal investigators, and financial analysts.

€40k >  
Forensic Accountants
Salary Range
(thousands per year)*
€40 -  
Related Information:
In general, accountants earn more as they progress in their career, depending on how successful they are in practice or working in business.

The Leinster Society of Chartered Accountants recently surveyed members about their total
earnings, which includes salary, bonus and fringe benefits like car allowance.
For chartered accountants who qualified 20 years ago i.e. people now in their mid-40s, the average package for those working in
Industry & Commerce is 155,000 pa. Their peers in financial services,such as banks, average 151,000pa, while in practice the average is 106,000pa.
Data Source(s):
Chartered Accountants Ireland

Last Updated: October, 2014

* The lower figures typically reflect starting salaries. Higher salaries are awarded to those with greater experience and responsibility. Positions in Dublin sometimes command higher salaries.
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At a Glance... header image

Provides accounting skills in civil and criminal cases, and also non-legal related investigations.


The Work header image

Forensic accounting is a specialised area of accountancy. The forensic accountant provides accounting skills in civil and criminal cases but also non-legal related investigations. They use their professional expertise in assignments involving, but not limited to:

  • Fraud
  • Calculation of loss of economic benefit
  • Financial investigations
  • Asset tracing
  • Valuations, and
  • Dispute resolution

Forensic Accountants can be engaged in public practice or employed by insurance companies, banks, police forces, government agencies and other organizations. They are commonly retained to analyse, interpret, summarise and present complex financial and business related issues in a manner which is both understandable and properly supported.

 


Personal Qualitiesheader image

Forensic Accountants require a very specific skill set such as:

  • Information gathering
  • Attention to detail
  • Information preservation
  • Investigating potential fraud
  • Dispute resolution
  • Issues arising in family law and
  • Understanding legal processes.

This skill set ensures that they can advise their clients on the consequences of certain actions and ultimately produce a report to their client or to the courts if required.


Entry Routesheader image

The shifting dynamic of forensics means that being a specialist accountant may not be enough.

A professional qualification in Accounting, together with experience and specialist profressional training, is the minimum required for entry to this field of accountancy. The Diploma in Forensic Accounting from Chartered Accountants Ireland is designed to provide participants with the core skills and knowledge required to undertake forensic accounting assignments.

The top Irish accountancy firms have teams of forensic experts ranging from accountants, lawyers, criminologists, and forensic computing experts, to financial investigators, researchers, linguists, compliance and regulatory specialists.

Last Updated: October, 2014


Further Informationheader image

A detailed description of this occupation can be found on a number of online databases. Follow the link(s) below to access this information:

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Go..Forensic Accountant - from:  Chartered Accountants Ireland [Video]

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Contactsheader image

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Organisation: Chartered Accountants Ireland (CAI)
  Address: Chartered Accountants House, 47 - 49 Pearse Street, Dublin 2
  Tel: (01) 637 7200
  Email: Click here
  Url Click here

 

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This occupation is popular with people who have the following Career Interests...


...and for people who like working in the following Career Sectors:

Accountancy & Taxation

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