The Feliciano School of Business at Montclair State University is offering a new Forensic Accounting program. Students will be able to attain a Certificate in Forensic Accounting which will increase their incremental knowledge in an area the accounting industry expects from graduates. By attaining this certificate, students can pursue a career in the field of forensic accounting with a recognized and respected credential.
Forensic Accountants utilize accounting, auditing, and investigative skills to conduct an examination into a company's financial statements. Thus, providing an accounting analysis that is suitable for court. They combine their accounting knowledge with investigative skills in various litigation support and investigative accounting settings.
Forensic accountants are financial detectives who audit, investigate and ascertain the accuracy of financial reporting documents, often in connection with anticipated or ongoing legal action. They are charged with ferreting out questionable financial data, chiefly for the purpose of investigating white-collar crime involving individuals as well as businesses of all sizes. They may be involved in recovering proceeds of crime and in relation to confiscation proceedings concerning actual or assumed proceeds of crime or money laundering. The criminal activity uncovered by forensic accountants may include fraud, embezzlement, money laundering, the concealment of debt, the concealment of assets or other fraudulent activities, or even financial crimes.
Other functions include economic damages calculations, whether suffered through tort or breach of contract; post-acquisition disputes such as earnouts or breaches of warranties; bankruptcy, insolvency, and reorganization; securities fraud; business valuation for companies being purchased; divorce; insurance recovery; and computer forensics/e-discovery.
The demand for education in forensic accounting and fraud investigation presents an opportunity for higher education. Despite the increase in demand for forensic accountants, course offerings at traditional American Universities have not kept pace with this demand. Montclair State University would be the first University in the area to offer a graduate track in forensic accounting. Montclair State University is one the few Universities to have Professors with the experience to teach the courses.
Dr. James Di Gabriele
Professor - Department of Accounting & Finance