Forensic accountants charge significantly more than what a regular accountant would charge for an everyday service, that is because of the nature of their work and the intricate details that he has to go in extracting data which is then used in court makes it serious work and the responsibility to be on point regarding everything that is presented from his/her desk just multiplies ten folds and that is why it makes so much sense as to why they charge a significantly higher fee than a regular accountant and on top of that there are a number of factors like educational background and level of experience that decide the fee that a forensic accountant would charge, usually forensic accountants are hired by banks and insurance companies and their job is to detect and prevent fraud and they do it by extracting and performing tests on data and this is a skill which makes them unique from any other regular accountant.
The duties of a forensic accounting also differ from what a regular accountant performs on a regular basis, it is so much more than just using a sophisticated accounting software and organizing client’s records and presenting them when required, but the daily work might include going through a huge sample of records extracting financial data from it, performing forensic research is something that they do once they have the required data.
Accounting & Tax advisers CPAs is providing such services to businesses and individuals in needs, individuals with startups or even going through a divorce might require their services and having a competent forensic accountant by your side can prove to be the difference and that has shown in many cases.