Avg. Base Salary (USD)
The average salary for a Forensic Accountant is $78,763 in 2023
What is the Pay by Experience Level for Forensic Accountants?
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 $59,154 based on 13 salaries. An early career Forensic Accountant with 1-4 years of experience earns an average total compensation of $75,534 based on 107 salaries. A …Read more
What Do Forensic Accountants Do?
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 …Read more
- 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.
FAQs About Forensic Accountants
What is the highest pay for Forensic Accountants?
Our data indicates that the highest pay for a Forensic Accountant is $111k / year
What is the lowest pay for Forensic Accountants?
Our data indicates that the lowest pay for a Forensic Accountant is $55k / year
How can Forensic Accountants increase their salary?
Increasing your pay as a Forensic Accountant is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Forensic Accountant that oversees more junior Forensic Accountants, this experience can increase the likelihood to earn more.