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Top 14 Online Forensic Accounting Degree Programs in 2023

Top 14 Online Forensic Accounting Degree Programs in 2023
Online forensic accounting degree graduate

Do you want to become a skilled expert in the forensic accounting field? Then consider pursuing one of the many online forensic accounting degrees available today. Online forensic accounting programs provide flexible education for students in both scheduling and cost. In some cases, students can study at their own pace. Plus, online programs support earning a degree while working a job at the same time. On top of that, online forensic accounting degrees are often more affordable than on-campus programs.

How Long Does it Take to Become a Forensic Accountant Online?

If you want to know how to become a forensic accountant, then you want to know the amount of time it takes. Generally, it depends on several factors. This includes the:

  • Level of education you wish to attain
  • Pace at which you study
  • Requirements of the program you choose

Say you already have a bachelor’s degree in accounting or a related field. In that case, you can pursue a master’s degree in forensic accounting online. Starting from scratch, you may need to complete a bachelor’s degree in accounting or a related field. A bachelor’s degree can take around four years to complete. Some online programs offer accelerated options. Those allow you to complete your degree in a quicker time span. The time frame to get your master’s ranges from 8 months to 2 years.

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Types of Online Forensic Accounting Degrees

Pursuing a degree can provide you with the knowledge and skills needed to succeed in this field. Specifically, a degree in forensic accounting or accounting/finance with specialized courses. Here’s what you need to know about pursuing a degree in the field.

 

  1. Associates Degree

    An associate-level accounting degree can lead to some professional credentials. For example, an associate’s degree in accounting can qualify you for certified internal auditor (CIA) credential. Associate programs take less time than a bachelor’s degree, only 2-3 years. Plus, they provide plenty of skills and knowledge to pursue careers in government, public or private businesses, etc. In these programs, you typically learn the foundations and principles of accounting, like:

    – Managerial principles
    – Business law
    – Financial statements
    – Data management

    There are more than one type of associate degree in accounting. You could pursue an associate of science, which is more about math and science than an associate of arts. Also, if you already have accounting experience, you can pursue an associate of applied science. The best online AAS in accounting is more career-focused, designed to prepare students for work directly after graduation.

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  2. Bachelor’s Degree

    A bachelor’s degree is necessary to pursue a career in forensic accounting. A bachelor’s in accounting takes around four years to complete. It covers courses in accounting, finance, auditing, taxation, and other areas. To specialize in forensic accounting, you will need to take additional courses. They’ll cover topics such as:

    – Fraud examination
    – Forensic accounting
    – Legal issues related to crime

    A bachelor’s degree leads to the Certified Public Accountant (CPA) exam. This exam is crucial to be certified as a professional. Students can begin this career with a bachelor’s in related fields as well. Some examples include:

    – Finance
    – Economics
    – Business administration

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  3. Master’s Degree

    Now for the master’s degree in forensic accounting. This advanced degree provides more knowledge and forensic accounting qualifications needed to succeed. A master’s degree takes one to three years and covers more sophisticated topics in the field. Some general examples of these courses include:

    – Taxation
    – Banking
    – Insurance

    Master’s in accounting programs prepare students for advanced careers. Government, banks, private enterprises, etc., are some great examples.

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  4. Online Forensic Accounting Certificate

    Online certificate programs in forensic accounting are an excellent resource for professionals. Undergrad certificates provide basic knowledge of key accounting topics. Core courses emphasize career training in bookkeeping, payroll, ledgers, journals, spreadsheets, and reports.

    Graduate certificates in forensic accounting are best for those already in the accounting field. They might cover more advanced topics such as:

    – Fraud examination
    – Business valuation
    – Ethics and governance

    Online forensic accounting certificates are probably the most flexible option for those seeking education.

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Top Forensic Accounting Bachelor’s Degrees Online

Pursuing forensic accounting classes online is an excellent option for ultimate flexibility. Many online students can balance work, family, and other obligations with a degree. Most employers require a bachelor’s degree. Let’s look at a few of the best online bachelor's in accounting programs available that we found to be good selections.

 

  1. Southern New Hampshire University – Bachelor of Science in Accounting/Forensic Accounting & Fraud

    The SNHU Bachelor of Science in Accounting & Fraud uses a competency-based education model. This allows students to progress at their own pace. Also, students must demonstrate their mastery of skills through assessments. Graduates can pursue careers in forensic accounting, fraud, auditing, or financial analysis.

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  2. Eastern Oregon University – Bachelor of Arts/Bachelor of Science in Accounting/Forensic Accounting

    The EOU Bachelor of Arts or Science in Forensic Accounting program emphasizes the use of technology. It teaches students to analyze financial data using specialized software. Classes in forensic accounting, fraud examination, and internal auditing are included. It also requires projects allowing students to apply their knowledge in real-world settings. Faculty bring industry experience. Finally, this program provides the opportunity to get certified while enrolled.

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  3. Franklin University – Bachelor of Science in Forensic Accounting

    This BS in Forensic Accounting offers a focus in forensic accounting at the undergrad level. It’s one of the few that offers that concentration in undergrad. The program, at $398 per credit, focuses on hands-on learning. It provides opportunities to apply knowledge in real work situations through case studies and internships. The ACBSP and HLC accredit this program. Franklin University provides multiple start dates throughout the year in rolling admission.

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  4. University of Northwestern Ohio – Bachelor of Science in Forensic Accounting

    This Bachelor’s in Forensic Accounting Degree program in Lima, Ohio is in an accelerated format. This allows students to complete their degree in just 3 years. This program is much faster than traditional programs in forensic accounting. UNOH has a low student-to-faculty-ratio, which allows for more personalized support for students. The school also offers career services and job placement assistance. In this way, students can easily transition into their careers after graduation.

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Online Forensic Accounting Bachelor’s Degree: What To Expect

An online bachelor's in forensic accounting prepares students to investigate fraud and crime. The method learned at this stage is to combine accounting, auditing, and investigative skills. Bachelor’s degree students learn about financial statement analysis, internal controls, and fraud detection methods. All in all, a bachelor’s degree in accounting is required to become a CPA.

Bachelor’s in Forensic Accounting Degree Options

There are several degree options available for those interested in pursuing a career in forensic accounting. Here are a few:

  • Finance
  • Accounting
  • Business Administration
  • Criminology
  • Computer Science
  • Cybersecurity

Fundamentals of Forensic Accounting Classes Online

There are some basic courses that are required in pursuing your degree in forensic accounting. Some of the fundamentals of forensic accounting that are typically included are:

  • Financial and Forensic Accounting
  • Fraud Examination
  • Auditing
  • Business Law
  • Information Technology and Computer Forensics
  • Ethics
  • Communication

Admission Requirements

Admission requirements for a bachelor’s degree in forensic accounting may vary depending on the institution but generally include:

  • A high school diploma or equivalent
  • A minimum GPA requirement
  • Standardized test scores (SAT or ACT).
  • Prerequisite coursework in accounting, finance, or business

CFE and CPA Exam Requirements

With a bachelor’s in forensic accounting, you can take the Certified Public Accountant (CPA) exam. Also, the Certified Fraud Examiner (CFE) exam. However, to become a licensed CPA or CFE, there are additional requirements beyond a degree.

Each state has specific requirements for education, experience, and ethics for the CPA exam. Most states require a minimum of 150 credit hours of college education. That includes a bachelor’s degree in accounting. Some states allow candidates to take the exam with fewer credits. But you still have to complete specific coursework before obtaining a license.

For the CFE exam, the Association of Certified Fraud Examiners requires a bachelor’s degree. That, plus two years of professional experience. The ACFE does not have a credit hour requirement for the CFE exam. However, employers or state licensing boards may have other requirements.

Top 10 Online Master’s Forensic Accounting Degrees

The best forensic accounting master's degree online programs provide skills and knowledge for your particular career. Find a degree that offers the focus you want to pursue. These programs are also accredited and often more affordable than in-person degrees. Here, we’ll highlight some of the best forensic accounting master’s degree programs of 2023.

 

  1. University of North Carolina at Pembroke – Master of Business Administration/Forensic Accounting

    This MBA/Forensic Accounting program is a uniquely innovative program. It offers an understanding of business management and forensic accounting techniques within 12 months. That’s just 36 credit hours. The MBA equips you with the skills necessary to uncover financial fraud and embezzlement. Students in this program learn through case studies, simulations, and internships.

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  2. Liberty University – Master of Science in Accounting/Forensic Accounting

    The MS in Accounting/Forensic Accounting program at LU has an 8-week format and eight start dates throughout the year. Liberty is a primarily Christian college. Students will take courses in financial analysis, investigation, and legal procedures, to name a few. Online student services at Liberty University are plenty. For example, an online library, writing center, tutoring, and many other study aids.

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  3. Southern New Hampshire University – Master of Science in Accounting/Forensic Accounting

    The Master of Science program at SNHU offers two tracks for an MS. Specifically, a Master of Science in Accounting Finance and an MS in Accounting. The program emphasizes data analysis and technology. At $627 per credit hour, it offers four concentrations. These include auditing, forensic accounting, management accounting, and taxation. Graduates achieve careers including fraud examiner, forensic accountant, and financial analyst.

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  4. Utica University – Master of Science in Forensic Accounting

    The master’s program at Utica University is a highly regarded program that started in 2014. It has since grown in reputation due to its rigorous curriculum. It prepares you for CPA licensure and helps you pursue a CAMS certification. Concentrations at Utica University include financial crime, fraud investigation, and cybercrime. Similar to some other colleges, they have multiple start dates throughout the year.

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  5. Stevenson University – Master of Science in Forensic Accounting

    This Master of Science in Forensic Accounting program is a comprehensive program that’s been around since 2013. It takes as little as 18 months. Located in Maryland, it is home to many federal agencies. For example, the FBI, the SEC, and other private companies. These partnerships provide students with unique internships, networking, and career advancement.

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  6. University of Scranton – Master of Accountancy / Forensic Accounting

    The University of Scranton accredited program started in 2016. It focuses on matters such as ethical and legal issues in accounting. The program, which can take just 12 months or less, centers on:

    – The development of leadership and communication skills
    – Preparing students to work effectively in teams
    – Communicate complex financial information to non-financial audiences.

    The school has a 90% employment rate within six months of finishing the program.

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  7. Western New England University – Master of Science in Accounting/Forensic Accounting and Fraud Investigation

    The WNEU Master’s program began in 2009. It has since become known for its emphasis on real-world applications of accounting principles. The degree requires 30 credit hours in litigation, ethics, and investigation. Students are also required to complete a research seminar. This involves independent research related to forensic accounting and fraud investigation. WNEU also uses Kodiak. Kodiak is a state-of-the-art virtual classroom learning management system. It makes it easy to attend class remotely.

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  8. Florida Atlantic University – Executive Master of Accounting/Forensic Accounting

    The FAU master’s program benefits the working accountant. Specifically, the program comes from The School of Accounting Executive Program. That’s a department in FAU’s AACSB-accredited College of Business. Classes take place on Fridays and Saturdays every other week. That allows students to continue working while completing their degree. This program offers professional development as well, including networking events and workshops. This degree can take roughly 21 months.

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  9. Norwich University – Master of Accounting/Forensic Accounting

    This accounting master’s online began in 2013. Its online format allows students to complete their degrees at their own pace. If you already have your bachelor’s, you can qualify for the Advanced Standing track at the college. One of the specialties offered is a cybercrime and digital forensics course. This course covers computer forensics, network security, and cybercrime investigation. Their online program also offers 24/7 access and technical support for their students.

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  10. Rutgers University – Master of Business Administration/Forensic Accounting

    The Rutgers University Forensic Accounting program is part-time and hybrid. It does require some prerequisites to get in. Students can choose to specialize in areas such as cyber security or healthcare management. This program links with the Rutgers Institute for Ethical Leadership, which provides access to industry experts and networking. Students can expect guest lectures and field trips. In this way, they gain exposure to different aspects of the forensic accounting field.

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Online Master’s Degree in Forensic Accounting: What to Expect

A master’s degree provides a more in-depth study of accounting and investigation. Students are exposed to advanced studies in areas that are more complex. For example, taxation and insurance, as opposed to principles of accounting. Graduates of master-level accounting programs have the skills to detect and prevent financial fraud.

Different Options and Specializations

There are several options and areas of focus for a forensic accounting master’s degree online. Some of the most common specializations include:

  • Embezzlement
  • Money laundering
  • Cybersecurity
  • Prosecution and Interviewing

A key difference exists between an accounting degree and a forensic accounting master’s degree online. Specifically, forensic accounting degrees are more focused on analyzing and preventing financial fraud. In contrast, an accounting master’s provides a broader foundation in accounting principles.

Typical Advanced Master’s Degree Courses

The typical advanced master’s degree classes for forensic accounting vary depending on the program and school. But some common classes include:

  • Advanced Forensic Accounting – Areas like money laundering, bankruptcy, embezzlement, and financial statement fraud.
  • Fraud Examination and Investigation – This course has topics such as data analytics, interviewing techniques, and other legal aspects.
  • Cybersecurity and Digital Forensics – Covers the use of technology in forensic accounting, including data mining and computer forensics.
  • Litigation Support and Expert Witness Testimony – An overview of the legal system and prepares students for providing expert testimony in legal proceedings.
  • Accounting Ethics and Professional Responsibility – Ethical issues in accounting, such as conflicts of interest, confidentiality, and independence.
  • Financial Statement Analysis – Teaches students how to analyze financial statements to detect irregularities and inconsistencies.
  • Risk Management and Control – Risk assessment, risk management, and internal control systems in organizations.
  • International Forensic Accounting – Involves forensic accounting on a global scale, including cultural, legal, and regulatory issues.
  • White-Collar Crime – Focuses on the causes of white-collar crime, corporate fraud, insider trading, and Ponzi schemes.

Master’s Degree Admission Requirements

Ready to apply for a master’s degree program in forensic accounting? You typically need a bachelor’s degree from an accredited institution.

You will need to submit transcripts, letters of recommendation, and a statement of purpose. Programs may also require you to have professional experience to go along with your application. Sometimes an interview process is required too.

Advanced Career Options

A master’s degree in forensic accounting can lead to several different career fields. Some examples are:

  • Forensic accountant
  • Forensic auditor
  • Fraud investigator
  • Litigation consultant
  • Compliance/risk management
  • Expert witness
  • Money laundering investigator
  • Cybercrime investigator
  • Anti-corruption investigator

Online Forensic Accounting Degree Accreditation

Regional Accreditation

When it comes to accounting degrees, you need to know about accreditation. Regional accrediting agencies evaluate the quality of education and programs offered by legitimate colleges. These agencies ensure that these schools meet certain academic and industry standards. Regional accreditation is the most widely recognized and prestigious. There are six regional accrediting bodies:

  1. Northwest Commission on Colleges and Universities (NWCCU)
  2. Southern Association of Colleges and Schools (SACS)
  3. New England Association of Schools and Colleges (NEASC)
  4. Higher Learning Commission (HLC)
  5. Western Association of Schools and Colleges (WASC)
  6. Middle States Commission on Higher Education (MSCHE)

Institutional Accreditations – AACSB & ACBSP

Institutional accreditation deals with the evaluating and ensuring the quality of academic institutions and their programs. Listed below are two of the most widely recognized accrediting agencies for business schools.

AACSB – Association to Advance Collegiate Schools of Business

AACSB is a global organization that accredits business schools based on their academic quality and commitment to continuous improvement. The AACSB accreditation is considered to be a prestigious standard of excellence in business education, and is sought after by many top-tier business schools.

ACBSP – Accreditation Council for Business Schools and Programs

ACBSP focuses on accrediting business programs that demonstrate excellence in teaching, learning, and student outcomes. It evaluates education programs at all levels, from associate to doctoral. It uses a peer-review process in its standards and is recognized by the Council for Higher Education Accreditation.

Paying for a Degree in Forensic Accounting Online

As an online student, several financial aid options are available to you. Here’s a rundown of the options available:

  • Scholarships – Scholarships may come from professional groups, private foundations, or universities. Examples include the AICPA Scholarship for Minority Accounting Students. Also, the Institute of Management Accountants (IMA) scholarship. Lastly, the Association of Certified Fraud Examiners (ACFE) Scholarship.
  • Grants – Similar to scholarships, grants do not have to be repaid. Students may be eligible for grants based on financial need and academic achievement. The Free Application for Federal Student Aid (FAFSA) is a good starting point.
  • Loans – Federal student loans are available to online students, and private loans from banks and other lenders. These offer lower interest rates and more flexible repayment options. On the other hand, private loans may have higher interest rates but may be easier to obtain.
  • Military/Veteran Benefits – Military service members, veterans, and their families may be eligible for financial assistance. Specifically through programs such as the GI Bill, Yellow Ribbon Program, and Military Tuition Assistance.
  • Employer Tuition Assistance – Some employers offer tuition reimbursement or assistance to their employees pursuing an education. Check with your employer.

Internships, Exams & Certification After an Online Forensic Accounting Degree

Forensic accounting internships allow you to work under the supervision of experienced pros in the workplace. You learn to identify, investigate, and prevent financial fraud and other crimes in a professional context. Generally, associate, bachelor’s, and master’s programs all offer this kind of opportunity.

With hands-on industry experience comes practical skills and knowledge. You can apply it in your future financial forensic job. Internships are particularly valuable when it comes to securing competitive employment.

Experience hour requirements for accountants will vary by credential as well as your state. For example, in Virginia, you need 2,000 experience hours to become a CPA. CFEs need two years of work experience in fraud in any state. To earn the CFF credential, you need 1,000 hours of forensic accounting business experience. That CFF requirement also has a 5-year time limit.

Licensing & Certification Exams

There are a few exams and credentials in the field of forensic accounting. The Certified Public Accountant (CPA) and Certified Fraud Examiner (CFE) are two of the most common. A CPA license means you’ve completed certain levels of education, examination, and experience. CPAs must have a bachelor’s degree to qualify to take the CPA exam.

CFEs, on the other hand, are more geared toward exposing financial fraud. They might become financial auditors or analysts.

CFE and CPA are both tough credentials to earn and have great career payoffs.

CPA Exam

The CPA exam is a comprehensive exam that tests the knowledge and skills of individuals who want to become licensed as Certified Public Accountants. The exam consists of four sections:

  1. Auditing and Attestation
  2. Business Environment and Concepts
  3. Financial Accounting and Reporting
  4. Regulation

The exam is administered by the American Institute of Certified Public Accountants (AICPA) and requires a bachelor’s degree and certain coursework in accounting and business.

CFE Exam

The CFE exam is a certification offered by the Association of Certified Fraud Examiners (ACFE) to professionals who want to specialize in fraud examination and prevention. The exam consists of four sections:

  1. Fraud Prevention and Deterrence
  2. Financial Transactions and Fraud Schemes
  3. Investigation
  4. Legal Elements of Fraud

The exam requires a bachelor’s degree and two years of professional experience with fraud examinations or other relevant fields.

Other Professional Certifications

There are several other professional certifications available in the field of forensic accounting. These include:

These certifications require different levels of education and experience. However, they all demonstrate a level of expertise in the field.

How Much Do CFEs and CPAs Make?

The forensic accountant salary for CFEs and CPAs varies based on experience, location, and the industry.

How much do CFEs make?

According to data from the Association of Certified Fraud Examiners and the Bureau of Labor Statistics, CFEs earn around $75,000 to $85,000 per year.

What is the Average Salary of a CPA?

The average salary of a CPA is around $70,000 to $80,000 per year.

Is a Degree in Forensic Accounting Worth It?

Having a degree in forensic accounting is very beneficial. Especially in terms of career opportunities and salary potential, despite the cost of education. If you have a Master of Science in Forensic Accounting, you can earn a salary of around $76,000 every year. Even better than that, there’s the potential for an even higher salary, depending on experience and certifications.

What’s the Forensic Accounting Job Outlook?

The forensic accounting job outlook is promising. Those with the relevant skills, education, and experience can find rewarding careers in this field. It continues to grow as businesses increasingly focus on preventing and detecting financial fraud.

According to the BLS, employment of forensic accountants and auditors is projected to grow 10% from 2020 to 2030. The high demand is driven by factors such as:

  • Increased regulations
  • Heightened scrutiny by regulators and law enforcement
  • The growing complexity of financial transactions

Ready For a Degree in Forensic Accounting Online?

Pursue a career in forensic accounting online! Online degrees and certificates offer flexibility and convenience. An online degree in forensic accounting is more accessible than ever before. Take the first step toward this rewarding career by exploring online degrees with GetEducated. Our database includes all types of online accounting degrees in all kinds of fields!

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