Forensic and Investigative Accounting Concentration
Due to society's heightened awareness and growing intolerance of fraudulent activity, demand for forensic accountants is rapidly increasing. Forensic accountants, also known as forensic auditors or investigative auditors, combine their accounting knowledge with investigative skills, using this unique combination in litigation support and investigative accounting settings. There are many different careers in forensic accounting, found in a wide variety of environments. If you're looking for an exciting, worth-while life, a career in forensic accounting could be for you.
An MBA concentration in Forensic and Investigative Accounting can lead to a rewarding career. Everyday across the world, thousands of organizations (businesses, not-for-profits, and governmental agencies) are victimized. Forensic accountants can be employed in a wide a variety of settings. They can be found in public/private companies, law firms, law enforcement/government agencies, and more. They may be consultants that specialize in risk management, or researchers working for a law firm. Forensic accountants can provide their research findings to boardrooms, courtrooms, and other legal/administrative venues. These kinds of professionals can work in governmental departments investigating financial histories of criminals, building financial profiles of suspects, gathering evidence, tracking funding sources, and meeting with prosecutors. They can also work for accounting firms uncovering fraud, performing computer forensics, and quantifying financial losses. Forensic accountants can also work in the corporate security/risk management field protecting financial assets, analyzing changes in financial law, ensuring corporate compliance, and performing audits.
The field of forensic accounting can be difficult and complex as well as exciting and rewarding. In its Report to the Nations 2018 Global Study on Occupational Fraud and Abuse, the Association of Certified Fraud Examiners estimated that approximately 5% of annual revenue around the world is lost to fraud. Globally, this translates to USD $4 trillion in potential losses. Fraud is notoriously difficult to detect and counteract; the typical perpetrator is intelligent, well-educated and in a position that allows them to easily cover their tracks. It is the job of a forensic accountant to uncover evidence of illicit activity and help bring the fraudster to justice. And at Saint Xavier University we will help you develop skills for catching fraudsters and minimizing their impact.
However, it's not all fraud and deception. Granted, that's the exciting stuff, but forensic accountants have a role in all sorts of financial, business, and legal settings. Forensic accountants help investors do their due diligence, analyzing deals to seek out and discover potential fraud. They investigate bankruptcies, mergers, and acquisitions, to make sure all parties involved are showing their cards. Forensic accountants help law firms in divorce cases, dragging out any financial skeletons in the closet, and they work in insurance companies verifying whether claims are legitimate and how much loss the company will take on certain clients. Saint Xavier University's MBA concentration in Forensic and Investigative Accounting program will better prepare you to fight corruption and keep markets fair, there is an ever-growing need for forensic accountants who can find, analyze, and communicate fraud and deception to the authorities and to the public.
The demand for professionals who have a specialized qualification in fraud and forensic accounting has grown significantly; various studies indicate that the demand for well-trained fraud and forensic accountants will likely continue to grow. According to the industry trade publication Accounting Today, nearly 40 percent of the top 100 accounting firms in the U.S. are now expanding their forensics-related services.
The MBA concentration in Forensic Accounting offers graduate students a rigorous academic experience that provides the knowledge and skill to begin a career in financial fraud investigation and prepares them with expertise in the area of forensic accounting examinations. This concentration is ideal for accounting and security professionals looking to balance the broad business knowledge of the MBA with specialized knowledge in forensic accounting.
The forensic and investigative accounting MBA concentration will not only prepare students for the Certified Fraud Examiner (CFE) certification, but will also assist students to complete the needed hours for the CPA. The Forensic and Investigative Accounting concentration gives our students another option in the field, compared with our Financial Fraud Examination and Management concentration. Forensic accountants commonly work with law enforcement agencies to examine financial records for evidence of fraud; however, their specialized skill set helps them to find employment with a variety of agencies in the public and private sectors.
Prepare for the CPA exam
- Courses are taught by faculty who are experts in their field, including Certified Public Accountants (CPA), Certified Fraud Examiners (CFE), and licensed attorneys.
- Graduates of this program are employed at accounting firms, private industry and governmental agencies such as the Chicago Police Department, FBI, CIA and U.S. Postal Service, and other agencies at the local, state, and federal levels.
- Designed as an evening program for working professionals, it is available full-time or part-time.
- Hybrid and online options: All the classes are available online or you can combine online classes with on-campus classes
- The Graham School of Management is accredited by the Association to Advance Collegiate Schools of Business, also known as AACSB.
- Designed to meet the requirements of the American Institute of Certified Public Accountants, this program is created to assist students obtain the additional 30 hours of education requirement necessary to sit for the CPA exam.
For graduate students who do not have prior undergraduate business course experience, the foundation modules are required to give a basic understanding of business essentials. For more information, please review the foundation modules in the SXU Academic Catalog.
If you have additional questions, please contact: