Everything You Need to Know If You’re Considering a Future in Financial Forensics

Practical professional advice and factors to consider—straight from our experts

Here at Perun Consultants, we pride ourselves on being the best in the business. But as one might presume, the world of finance is a quite competitive industry to break into (especially our particular niche). Wondering what it takes to get your foot in the door? From forensic analysts and advisors, to accountants and specialists, below a few of our team members share insight on what it takes to work in their respective fields.

EXPERTISE, According to Gwynn Hopkins, Managing Director (Hong Kong)

Forensic accounting work masterfully blends analytical and investigative skills, and the ability to clearly articulate the work undertaken to non-accountants (including the outcome of that work, and what conclusions can be drawn). Developing a strong, technical knowledge of accounting is a key component; a good forensic accountant will have a strong grasp on how things should be posted, and what should be going on in the transactional entries. Most importantly, forensic accounting work needs to be undertaken on the basis that it may be used in court. You need to honestly consider whether you possess the attention to detail and accuracy needed to be successful.

APTITUDE, According to Regina Zhou, Director of Forensic Services (Hong Kong)

In addition to strong accounting skills and solid legal knowledge, forensic specialists should be remarkably curious, detail-oriented, problem solving creative thinkers. It’s imperative to always dig deep to ultimately detect financial irregularities and identify small discrepancies that are indicative of a larger pattern of fraud. An equally important attribute is being able to imagine various scenarios and possibilities to consider whether the evidence is consistent, while remaining adaptable and able to solve problems efficiently and effectively.

DRIVE, According to Akanksha Sagar, Senior Consultant (Hong Kong)

As a forensic analyst advising across multiple disciplines, it can be quite challenging in terms of the number of hours required for each project, stretching one’s perseverance. It’s a highly-client driven role that necessitates long hours of analysis, coordination among different teams across multiple time zones. One needs to be constantly upgrading one’s skill sets in terms of new techniques, methodologies, developments in terms of court judgements on issues impacting valuations, restructuring, and recovery. The learning curve is steep, as assignments can vary across industries and sectors and may require a diverse set of skills ranging from forensics, to financial analysis and an understanding of regulations in different jurisdictions.

PREPAREDNESS, According to Tavish MacLean, Senior Manager (Hong Kong)

For junior forensic accountants in particular, typical accounting hours can feel quite demanding when you’re first starting out, even more so if you’re balancing exam preparations with the inevitable feeling of unfamiliarity with the subject matter. It’s important to have a few stress outlets—enjoy your hobbies, get some exercise, and make sure you have a comfortable place to study. The more comfortable you are with self-directed study, the faster you’re able to keep pace with an active caseload once the formal exams are through.

These are a select few essential qualities and soft skills needed to be successful in our specific industry… Ask yourself—do you think you have what it takes to join our ranks? If so, we’d love to hear from you! Keep an eye on our Careers page; current vacancies are listed there first!