How much does a forensic accountant earn in Australia?

In Australia, a full time Forensic Accountant generally earns $1,440 per week ($74,880 annual salary) before tax. This is a median figure for full-time employees and should be considered a guide only. As you gain more experience you can expect a potentially higher salary than people who are new to the industry.

Is there a high demand for forensic accountants?

The Bureau of Labor Statistics (BLS) predicts 13% job growth for accountants and auditors by 2022. The growth of all forensic accounting jobs should correspond with this rate, if not exceed it due increasing financial regulations, with some estimates predicting a 20% growth in demand for investigative auditors.

Do banks hire forensic accountants?

Banks are increasingly hiring forensic accountants to implement robust prevention measures and fraud mitigation protocols. These professionals aid banks in preventing fraud and reducing the associated expense of conducting investigations and criminal proceedings.

How much does a forensic accounting make?

Forensic accountants earn an average salary of about $59,430 annually, with highly experienced forensic accountants making upwards of $102,000 per year.

Who hires a forensic accountant?

Forensic Accountants are employed by public accounting firms’ forensic accounting divisions; by consulting firms specializing in risk consulting and forensic accounting services; or by lawyers, law enforcement agencies, insurance companies, government organizations or financial institutions.

Is it worth hiring a forensic accountant?

If you suspect fraudulent activity among a manager or managers running your business, hire a forensic accountant to perform a fraud risk assessment and prevent further financial theft.

Where do forensic accountants get paid the most?

Rhode Island, New York and New Jersey are the top states in the U.S. to pay forensic accountants the highest salaries.

Is forensic accounting stressful?

That you ultimately find that forensic accounting can be the most exciting, challenging, fulfilling, stressful, nerve-racking and best career decision you ever make—all at the same time.

Do you need a CFE to be a forensic accountant?

In order to become a forensic accountant, you’ll first need to earn either a bachelor’s or master’s degree in accounting or finance. Although no specific licensing is required to become a forensic accountant, you may also plan to take the CFE exam to earn the CFE credential designation.