The average salary for a Forensic Accountant is $66,311.
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$44k - $117k
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Job Description for Forensic Accountant
Generally, forensic accountants work for insurance companies, banks, government agencies, and police forces to detect fraudulent activities, and some run their own independent practices. Their work focuses heavily on investigating and analyzing financial evidence, and some may also assist in legal proceedings. They also serve as expert witnesses in courtroom settings and prepare visual aids as needed. Most employers require a bachelor’s or master’s degree in forensic accounting, general account…Read more
Forensic Accountant Tasks
- Ensure compliance with state and federal regulations.
- Prepare reports and summary of findings.
- Research, analyze and compile account histories, financial documents and transactions.
- Utilize accounting principles, financial analysis and auditing knowledge to prepare for legal disputes or litigation.
Job Satisfaction for Forensic Accountant
Popular Employer Salaries for Forensic Accountant
The top respondents for the job title Forensic Accountant are from the companies Federal Bureau of Investigation (FBI), KPMG, LLP and EY (Ernst & Young). Reported salaries are highest at KPMG, LLP where the average pay is $90,000. Other companies that offer high salaries for this role include RGL Forensics and Grant Thornton Llp, earning around $67,500 and $66,286, respectively. Federal Bureau of Investigation (FBI) pays the lowest at around $62,400. FTI Consulting, Inc. and EY (Ernst & Young) also pay on the lower end of the scale, paying $63,000 and $65,000, respectively.
Forensic Accountant Job Listings
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Popular Skills for Forensic Accountant
Skills in Forensic Accounting, Microsoft Excel, Fraud Investigation, Financial Analysis and Data Analysis are correlated to pay that is above average.
Pay by Experience Level for Forensic Accountant
An entry-level Forensic Accountant with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $57,889 based on 61 salaries. An early career Forensic Accountant with 1-4 years of experience earns an average total compensation of $62,363 based on 188 salaries. A mid-career Forensic Accountant with 5-9 years of experience earns an average total compensation of $80,111 based on 85 salaries. An experienced Forensic Accountant with 10-19 years of experience earns an average total compensation of $91,287 based on 60 salaries. In their late career (20 years and higher), employees earn an average total compensation of $90,000.
Pay Difference by Location
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Employees with Forensic Accountant in their job title in New York, New York earn an average of 17.0% more than the national average. These job titles also find higher than average salaries in Washington, District of Columbia (13.2% more) and Chicago, Illinois (11.1% more). The lowest salaries can be found in Atlanta, Georgia (19.1% less) and Dallas, Texas (8.8% less).
Years of Experience
This data is based on 425 survey responses.