If you have an interest in using operational data to determine if a firm’s systems, operations, and processes are effectively achieving the firm’s objectives, the Forensics track could be right for you. Forensics specialists provide advice to all levels of an organization’s management, generally having the greatest exposure and impact at large organizations. Forensics analysts blend data analysis with a focus on human behavior within the organization. Careers include:
- External Auditors, who gain a deep understanding of a firm’s organization, processes, and financial accounting controls to determine if its financial statements are accurate
- Fraud Analysts, who use both behavioral and quantitative techniques to identify likely sources of fraud within a firm such as consumer credit card or identity theft as well as embezzlement or improper employee/vendor relationships
- Internal Auditors, who use financial and operational data to analyze the processes in place for key strategic functions, identifying inefficiencies and recommending improvements
- Risk Management Analysts, who identify the specific risks an organization faces and recommends ways in which these risks can be mitigated, including tactical risks such as lawsuits, policy violations, and loss of key suppliers as well as strategic risks such as a new merger or technology implementation.
- Transfer Pricing specialists, who help multinational firms establish their internal valuation standards for both internal (e.g., performance evaluations) and external (e.g., tax burden) reasons