Discussion:Any Money in Forensic Accounting?
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Discussion Forum Index --> Business Growth Community --> Any Money in Forensic Accounting?
| 25 October 2009 | |
| Is there any money in forensic accounting? It seems like a lot of people want to do forensic accounting but few people actually do it. Is that because there is very little work out there for it, as opposed to doing tax returns? | |
| 25 October 2009 | |
| Some say it's dead.
Others can't touch a page that is clammy and cold for an audit six feet under the bottom line.
to smell rotting flesh and unearth the dirty secrets of lust turned to greed. | |
| 25 October 2009 | |
| "When you know and when you love you will still suffer. The day dawns in tears. The luminous weep, be it only over the dark ones." (Hugo) | |
| 25 October 2009 | |
| It may be tough going to find a job with the glut of forensic accountants that the Bush Administration cleansed from the SEC.
Where can they turn to but attorneys that specialize in Shareholder suits, where ex-shareholders sue to get what the current shareholders have left. Meantime the slimy creatures that caused the problems lay on the sunny beaches of the Bahamas. Go Hugo! | |
| 26 October 2009 | |
| A few years ago I worked in an Internal Audit department that did a lot of fraud investigation & forensic accounting. We used outside consultants from time to time. My perception is that there is forensic accounting work out there, however engagements (while high value) are few and far between. If you want to start a forensic practice I would expect to be utilized only 20%-40% of the time with significant travel involved. | |
| 28 October 2009 | |
| Check out the really cool stuff this firm does:
http://www.daylightforensic.com They investigate money laundering, bribes, corruption, etc. Seems a lot more interesting than doing tax returns for barber shops. I saw that some forensic accountants also get a private investigator license. | |
| 28 October 2009 | |
| It's dangerous work. A lot of them has gone missing; as the UFO nuts and the Argentines say, they were "disappeared". If you stand between some rich man and his loot, then your life is at risk. Keep that in mind.
For the past two years, in London and New York, they've found naked, dead people on the side of the road (the right in America, the left in London). They were pushed out of the passenger side of an automobile at a high rate of speed, and found with a pencil permanently attached behind their ears with superglue. One of the ancient marks of the Sicarii used as a warning to other accountants, now adopted by the modern hitmen. If you have young children, I'd stay away from it. If your wife is self-supporting, and you've been neutered so you can't have kids, it might be worth considering. | |
| 1 November 2009 | |
| Zanger, Check out this book. One of the authors works in Deloitte's Forensics Dept.
Corporate Resiliency: Managing the Growing Risk of Fraud and Corruption [1] | |
| 2 November 2009 | |
| Here's where the money was in forensic accounting in the 1980's
first, working for the RTC pouring over the loan portfolios of failed S&Ls and banks, identifying/valuing the individual loans' collectibility. then, quitting their jobs as RTC loan analysts and getting together and buying the loan packages (sometimes even the loans they bundled THEMSELVES) after being paid to identify the wheat from the chaff and buying the "wheat" as entrepeneurs. The same was done with the real estate in the bank and S&L portfolios. Some became multi-millionaires. MANY made one-time $500,000 to $800,000 pops. Similar opportunities could appear in the next yr or so. | |
