Together, Reducing Fraud Worldwide

  • Government Accountant

    Government AccountantGovernment Accountants are employed at all levels of government — federal, state and local. At the federal level, Government Accountants manage public funds, investigate white-collar crime, perform financial statement audits for government agencies and conduct research on emerging accounting issues. At the state and local levels, Government Accountants manage use of local revenues, investigate frauds, perform financial, performance and compliance audits and recommend corrective action where needed.

     

    Benefits of the CFE Credential

    Government Accountants have the important duty of managing the use of federal, state and local taxpayer dollars. Government accountants ensure that governmental bodies are transparent, efficient, ethical and responsible in their use of funds. Since a major part of what government accountants do is investigate and combat white-collar crime, the CFE is an invaluable credential. Additionally, government agencies involved in the ACFE Law Enforcement Partnership (LEP) officially recognize the CFE credential in hiring and promoting practices.

    The ACFE’s global salary study found that CFEs earn a 19.3 percent income premium over their peers without the credential, which demonstrates the value employers place on the credential. The study also provides valuable information and comparisons helpful to all anti-fraud professionals in benchmarking their compensation levels and career growth. The training, fraud resources and continuing education provided by the ACFE will help in any stage of your career path. Refer to the Compensation section below for more information about the compensation ranges for several different accounting job functions.

    Job Types

    On the federal level, Government Accountants might work for the General Services Administration (GSA), Federal Bureau of Investigation, U.S. Department of the Treasury, Internal Revenue Service and U.S. Government Accountability Office (GAO) General Accounting Office. These entities perform financial statement audits on government agencies and investigate white-collar crime. Federal Government Accountants can also testify before legislative committees on audits or tax legislation.

    State and local Government Accountants manage local revenues, conduct local white-collar crime investigations, and perform compliance and financial audits of state and local government entities. They must comply with the laws and regulations specific to their state and city.

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    Education

    A bachelor’s or master’s degree in accounting, finance or a related field is recommended for government accountants. Many companies encourage becoming a Certified Fraud Examiner (CFE), Certified Public Accountant (CPA), Chartered Accountant (CA), Certified Internal Auditor (CIA), Certified Government Auditing Professional (CGAP), and/or Certified Government Financial Manager (CGFM).

    Knowledge, Skills and Abilities

    It is important to plan and conduct an honest self-assessment of your knowledge, skills and abilities. In particular, employers are looking for:

    Knowledge 

    Fund accounting

    Generally Accepted Government Accounting Standards (GAGAS)

    Computer systems and applications

    Government structure and function

    Financial data analysis

    Evidence integrity analysis

    Compiling information

    Eliciting other experts’ assistance

    Maintaining documentation

    Damage assessment

    Tracing illicit funds

     

    Locating hidden assets

    Due diligence reviews

    Forensic intelligence gathering

     

    Skills 

    Testifying as an expert witness

     

    Abilities 

    Analytical

    Interpersonal communication

    Written communication

    Verbal communication

    Independence

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    Compensation

    Income level varies depending on education, experience and certifications. Below are compensation ranges by several different accounting job functions taken from the 2013/2014 Compensation Guide for Anti-Fraud Professionals:

     

     

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  • Career Paths

    Accounting

    Forensic Accountant 

    Government Accountant 

    Public Accountant 

     

    Auditing

    Internal Auditor 

    External Auditor 

     

    Investigation

    Private-Sector Investigator 

    Public-Sector Investigator 

     

    Governance, Risk Management and Compliance

    Compliance Professional 

    Risk Management Professional 

     

    Connect

    Search for jobs on the ACFE Job Board 

    Post Your Resume 

    Visit the Employment Discussion Forum 

     

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     Video: How to Leverage the CFE Credential to Jump Start Your Career     

     

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