Most people would be very surprised to learn the extensive variety of industries in which forensic accountants are employed. They analyze data and determine through irrefutable numerical facts if and where a crime has been committed. They work in multiple industries where individuals and criminal enterprises may be involved.

Forensic consultants are primarily employed in white collar crime cases to determine if a crime has been committed. They also perform routine forensic services to ensure the honestly of companies and organizations in multiple industries. The specialists produce numerical evidence and may be required to testify in court. A forensic accountant is a certified public accountant (CPA) that has earned credentials as a certified fraud examiner (CFE).

Financial Institutions

Banks, credit unions and community development lenders all use forensic accountants, along with brokerage firms and savings and loan associations. Government lenders also employ the specialists, including those that make loans to veterans, homebuyers and students.

Insurance Agencies

Insurers are a prime target for fraud, making the companies a natural environment for forensic accountants. The professionals are kept especially busy after a natural disaster, as they sort through the myriad of real vs fraudulent claims that are made.

Government Agencies

Forensic accountants are employed by local and state governmental entities. The professionals also work at the federal level, including the Federal Bureau of Investigation (FBI), Central Intelligence Agency (CIA), and Internal Revenue Service (IRS). They also work with the Bureau of Alcohol, Tobacco, Fire Arms and Explosives (ATF) and the U.S. Securities and Exchange Commission (SEC).

Law Enforcement

From the local to federal level, forensic accountants work in conjunction with law enforcement. They handle a variety of cases in which a crime involving money is concerned, such as murders when a huge insurance policy is at stake and bankruptcy court.

Companies and Security

Risk management and security service agencies employ forensic accountants to aid in preventing crimes such as embezzlement and to strengthen corporate policies. Forensic services are used in the credit card and utility industries.

Phone and Internet

Computer applications, phone fraud and telemarketer fraud are all within the investigative abilities of a forensic accountant.

At Peavy and Associates PC our mission is to assist you with all your tax preparations, payroll and accounting needs.  We provide our clients with professional, personalized accounting services and guidance in a wide range of financial and business needs. Give us a call today (843) 347-0849 and discover why our clients return to Peavy and Associates, PC year after year!