Forensic Accounting

Key Points:

  • Requires a combination of accounting, auditing and investigative skills.
  • A survey conducted by us in 2017, indicated that the average total remuneration for Forensic Accounts with between 1-4 years’ experience in Australia and New Zealand is $95,343*
  • The support that you can provide in this role to judicial proceedings could help bring criminals to justice.

Forensic Accounting is the use of accounting, auditing and investigative techniques in cases of litigation or disputes.

Forensic accountants utilise their specialised accounting acumen to help investigate fraud and other forms of financial fabrications. They also help lawyers to prosecute criminals that partake in funding illegal activities, and work in resolving disputes through insurance companies and other clients.

They are also trained to look past the figures and learn to spot details and discrepancies that enable them to identify criminal actions.

Callum Hey CA"I love working in my current role because every day I get to make decisions that make a difference in people’s lives. Whether it's improving the security of their banking, their awareness of the risks around them or about helping to put them right at a time they're at their most vulnerable - they look to us and we (my team and I) make a difference!"
Callum Hey CA, Senior Manager, Financial Crime Management, Risk Management, Westpac New Zealand.

Why forensic accounting could be the right fit for you

Forensic Accounting has the potential to provide a varied workload that could change day by day. You could be investigating an organisation's misappropriated funds, or help track a money trail that could lead to illegal activities.

The support that you can provide to judicial proceedings could help bring criminals to justice.

They are also trained to look past the figures and learn to spot details and discrepancies that enable them to identify criminal actions.

Oliva Lock CA"I enjoy the variety of work offered in Forensic Accounting and being involved in working on a project from the initial to the final stages is very rewarding."
Olivia Lock, Accountant, McGrathNicol

Who can you work for?

Common places of employment include forensic accounting divisions in public accounting firms, lawyers, law enforcement agencies, government organisations or insurance companies.

Key skills:

  • Objectivity
  • Attention to detail
  • Problem solving
  • Interpersonal skills
  • Interviewing skills
  • Inquisitiveness
  • Communication
  • Diplomacy
  • Ability to work with a range of stakeholders

*These figures are taken from the 2017 Chartered Accountants ANZ Remuneration survey results of 23 Forensic/Investigating Accountants with 1-4 years' experience in Australia and New Zealand.