Forensic accounting, forensic accountancy, or financial forensics is the specialty practice area of accounting that investigates whether firms engage in financial reporting misconduct. Forensic accountants apply a range of skills and methods to determine whether there has been financial reporting misconduct.
Forensic Accountant Salary In South Africa
The average salary for a Forensic Accountant in SA is R 303 000 gross per year (R 25 250 gross per month), which is 7% higher than South Africa’s national average salary. Salary Range: a Forensic Accountant can expect an average starting salary of R 154 130. The highest salaries can exceed R 910 000.
Where do forensic accountants work in South Africa?
Generally, forensic accountants work for insurance companies, banks, government agencies, and police forces to detect fraudulent activities, and some run their own independent practices.
Where can I study forensic accounting in South Africa?
The Institute of Certified Forensic Accountants of South Africa – ICFA SA also called the Institute of Chartered Certified Forensic Accountants of South Africa (ICCFA SA) is the leading professional institution for the training of qualified Forensic Accountants in South Africa.
Is forensic accounting a good career in South Africa?
In South Africa, an Entry Level Forensic Accountant with less than three years of experience can expect to earn an average compensation of R 170 000 gross per year.
Forensic Accountants with more than 20 years of experience may earn more than R 800 000 yearly.
What subjects do you need for forensic accounting?
Forensic accountants are involved in the prevention, detection, and investigation of commercial crimes (such as fraud, corruption, and money laundering). Forensic accountants require skills and knowledge in accounting, criminal- and civil law, investigations, and IT.
Our forensic accountants in demand?
Qualified forensic accountants are in high demand, and the career options available to them are diverse. With your Master of Science in Accounting, you can pursue opportunities in legal, insurance, corporate, government, and other business industries.