How to Determine Whether the Forensic Accountant You Want to Hire is Right for You
Are you looking for a forensic accountant? If this is the case, there are a number of things you should consider. Choose an accountant that will be a good fit for the case you have. Not all forensic accountants are the same. This is why it is crucial to research well before hiring a forensic accountant. Make sure the professional you want to hire is well qualified for the task you have. Here are two things to keep in mind when evaluating potential forensic accountants to work with.
Qualification is one of the most important things to consider before hiring a forensic accountant. Find out whether the accountant has been certified by the national financial fraud examination body. To be certified as a forensic accountant, one has to be a member of the state forensic accountants’ association. Apart from this, the professional must complete an application with proof of his or her qualifications. Finally, the professional will have to sit and pass an exam administered by the body.
There are different areas that financial forensics covers. Some of the areas covered include fraud schemes, law, fraud prevention, and investigations. If you have a financial fraud case, you should hire a certified forensics accountant. The professionals are also knowledgeable on the various ways that financial fraud may be carried out. An experienced forensics accountant will be able to detect instances of fraud and advise you on what to do to prevent future occurrences.
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Another qualification that a forensics accountant must have is CPA. A CPA qualifications enables the professional to understand business practices and financial workings of your company. This dual knowledge gives the profession insight into ways on detecting and preventing fraud.
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Finally, it’s also prudent to hire a forensics accountant that has some knowledge in computers. A professional that can carry out electronic discovery projects will be helpful in detecting any financial fraud carried out online.
Is the Accountant Experienced in Forensics Projects?
Experience is another important factor to consider when choosing a forensic accountant. Check the number of years that the accountant has been practicing. Apart from this, inquire whether the accountant has previously worked on cases similar to the one you have. Another thing you may want to find out is whether the professional has ever served as an expert witness.
Any forensic accountant cannot be an expert witness without being interviewed and evaluated by the court. One needs to be highly qualified and skilled in various areas for him or her to be allowed as an expert witness. Confirm whether the forensics accountant will be ready to provide a testimony in court if need be.
When you want to hire a forensics accountant, keep the two tips above in mind.