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Forensic Accounting Essay

778 words - 4 pages

An accounting degree can create several opportunities for jobs available in the current job economy. These can start from the mundane and obvious such as accountant and auditor to more interesting jobs. This can include an international accountant, a person who travels across the globe and reports on the world’s financial status, to the CEO of a company. However, one niche group is starting to gain momentum among the rest of these careers, this job being in forensic accounting.
Forensic accounting in the general sense is an accountant who is hired to look into possible white collar activities in a company, or to prevent the crimes from occurring. A white collar crime is a nonviolent crime ...view middle of the document...

After that, it is absolutely essential to obtain a CPA or Certified Practicing Accountant. With a CPA a person is automatically more wanted by many companies. People with these three letters are held as more responsible, held to a higher standard, and in general are held in a different respect than those who don’t obtain a CPA.
In order for a person to obtain their CPA they must take they Unified Certified Public Accountant Examination. This test is as stated, is exactly the same in every state. The examination is composed of four different sections. The different sections are the AUD, BEC, FAR, and REG. The AUD is the Auditing and Attestation section, meaning that it focuses on the internal controls and obtaining and documenting information. The BEC or Business Environment and Concepts. These sections information technology, economic concepts, business structure, and financial managements. The third section of the CPA exam is Financial Accounting and Reporting section (FAR). This section is comprised of concepts and standards for financial statements, typical items in financial statements, and accounting and reporting for government entities. The final section is the Regulation subsection. This subsection is for the purpose of examining of the knowledge of business laws, federal taxation, and ethics and professional responsibilities. Once a person passes the...

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