After working for a CPA firm for several years, I was offered the chance to
relocate to Florida with my family in 1998. I have worked for a CPA firm for over 35
years. I have three grown daughters, one lives in the State of Washington, Colorado, and
North Carolina. My background is in entrepreneurship. I have started several businesses,
including a partnership that was transformed into an S corporation. I also have an S
corporation. One of my businesses was sold and one was given up as part of my divorce
I have the education to sit for the CPA exam in Florida. I passed two parts of the
test, but not the other two. As a result of not going back and completing the parts I failed, I
lost my two passing parts. What I am looking to do with my MS in Accounting is I am
looking to teach part-time.
I figured out that a forensic accountant has a significant duty and is expected to
perform at the highest level from the reading that we were required to complete. A good
forensic analyst is shaped through experience, educational background, and ongoing
training.
Accountant. In contrast to other accounting occupations, forensic accounting
typically involves serving as an expert witness in court, and to do so, one must be both
credible and knowledgeable. Forensic accountants should be prepared for challenges in the
majority of trials regarding their credentials, their work on topic engagement, and their
resulting views. A forensic accountant should possess the necessary credentials as well as
a unique attitude to deal with the various situations that may arise in this area of
accounting. They should constantly push themselves and have an interest in the cases they
are reviewing. Effective forensic accountant must be flexible in their thinking and open to
exploring new ideas in order to better comprehend their position and identify nuances that
they might have missed if they had adhered to standard, routine operating practices. They
should not be hesitant to question and express their own thoughts, to be persistent and
suspicious, or to always believe what is in front of them until they have taken the required
steps to verify the accuracy of the information. It's crucial to pay close attention to details.
The little things that go unnoticed most of the time end up making the biggest difference
and could change the course of events.
One of the forensic accounting occupations that have caught my attention is
bankruptcy. When called upon as expert witnesses in court, forensic accountants can help
by finding and validating the warning signs, tracking the flow of money or assets, and
presenting their conclusions and recommendations based on their assessments. Bankruptcy
is a lot of detail to everything a business or person owns, and they can try and hide what
they have or not give the information to the courts, that can’t be found by looking up
entity id numbers, social security even if under someone else’s social security first. People
will try to hide assets to say they are insolvent when sometimes they are not.
References:
https://www.topaccountingdegrees.org/lists/5-skills-needed-in-forensic-accounting/
Bankruptcies - Asher Meyers, LLC Forensic Accounting (asher-meyers.com)
Davis, Charles (2010, August 1)
https://www.journalofaccountancy.com/issues/2010/aug/20092400.html
