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The average salary for a forensic accountant in the US is around $74,000.00. A forensic accountant in New York could make up to $102,655.00 while a forensic accountant in Orlando usually only makes $56,071.00. [20] Forensic accountants must be able to work independently and be able to travel at least 10-15% of the time.
The American Board of Forensic Accounting was established in 1993. [8] Large accounting firms often have a forensic accounting department. [9] All of the larger accounting firms, as well as many medium-sized and boutique firms and various police and government agencies have specialist forensic accounting departments.
[2] [3] Additionally, with growing issues on accounting, financial and loan irregularities, there is a increasing need to conduct forensic accounting examinations and investigations with professional approach for any evidence discovery to meet the high level of scrutiny which can be proved legally in Court.
Forensic and Scientific Research Service; Legal Service; Information and Communications Technology Service; Positions within the Bureau. On 23 June 2016, Republic Act No. 10867, also known as the "National Bureau of Investigation Reorganization and Modernization Act", was signed by President Aquino.
Article 99 of the Labor Code of the Philippines stipulates that an employer may go over but never below minimum wage. Paying below the minimum wage is illegal. [10] The Regional Tripartite Wages and Productivity Boards is the body that sets the amount for the minimum wage. In the Philippines, the minimum wage of a worker depends on where he works.
State licensing requirements vary, but the minimum standard requirements include passing the Uniform Certified Public Accountant Examination, 150 semester units of college education, [1] and one year of accounting-related experience. Continuing professional education (CPE) is also required to maintain licensure.
The Philippine Institute of Certified Public Accountants (PICPA) is the national professional accountancy body of the Philippines. Explorers with an accounting background first formed the PICPA in November 1929. [2] The PICPA focuses on four areas of practice for a CPA: Public Practice, Commerce and Industry, Education, and Government. [2]
In the Philippines, there are employers' confederations to lobby the protection of firm owners; they also represents the business sector and employers in the country. The most widely known is the Employers' Confederation of the Philippines, which is leads as the voice of the employers in labor management and socioeconomic development. [38]