Forensic accountant is a specialist, who needs to possess in-depth knowledge and understanding of business reality and the working of the legal system in India. Numerous programs are offered at undergraduate and postgraduate levels. Considering the increase in incidents and diverse nature of forgery in the documents, specialized certificate programs have also been started.
Forensic accounting offers a wide range of opportunities for people, who possess sound knowledge in financial procedures and have analytical skills. One can find a job with clients, who are charged with allegation of fraud against the government, public, or private business, or a fraud involving insurance claims, real estate, investments, and financial instruments. The proficiency of a forensic accountant is used to detect any financial crime. A person can utilize his/her forensic accounting skills to solve divorce disputes, business carelessness investigation claims, and personal injury claims. Forensic accountants are also hired by accounting companies. Numerous government agencies like the FBI, IRS, CIA, and local government offices, at times, require their services.
Top Colleges Offering UG/PG/Other Courses
In the current scenario, career in forensic accounting has emerged as a lucrative option in India. Several institutions are offering training and education to become a good forensic accountant. Indiaforensic, Pune is one of the few, which conducts a certificate course in forensic accounting and fraud detection. The Institute of Chartered Financial Analysts of India University, Tripura also offers a postgraduate diploma program in forensic accounting.
Forensic accounting is one of the highly paid jobs in India. A beginner can earn a salary between Rs. 25,000 - 30,000 per month, while an experienced person can earn a lot more than that, probably in six figures.