Forensic Accountants Need to Know Private-Investigator Laws—Journal of Accountancy Reviewed by Momizat on . Many States Require CPAs Practicing Forensic Accounting to Now be Licensed as Private Investigators.  The AICPA Provides an Online Guide. Jeff Drew at the Journ Many States Require CPAs Practicing Forensic Accounting to Now be Licensed as Private Investigators.  The AICPA Provides an Online Guide. Jeff Drew at the Journ Rating: 0
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Forensic Accountants Need to Know Private-Investigator Laws—Journal of Accountancy

Many States Require CPAs Practicing Forensic Accounting to Now be Licensed as Private Investigators.  The AICPA Provides an Online Guide.

Jeff Drew at the Journal of Accountancy reports that the AICPA has made available to members an online guide detailing which states and cities require CPAs practicing forensic accounting to be licensed as a private investigator.  Here’s more detail:

More than 40 states have enacted laws requiring private investigators to buy a license to operate in their state. Most of those regulations have gone into effect during the past five years, according to research done by the AICPA’s Forensic & Valuation Section (FVS).

Based on feedback from AICPA members, the FVS Section believes many CPAs are unaware that they might be breaking state laws regarding P.I. licensing. Penalties for operating as a private investigator without a license vary, but in some states it is a felony.

To spread the word to the CPA community, the FVS Section is making available to AICPA members an online matrix designed to help CPAs determine if the tasks they perform in their practice require them to obtain a private investigator’s license in the states and/or cities in which they do business. The matrix of Private Investigator Licensing Requirements for CPAs previously had been available only to FVS members.

Read the full piece at Journal of Accountancy and find out additional detailing on how the licensing varies from state to state. 

Private Investigators

Many States Now Require CPAs Practicing Forensic Accounting to Be Licensed as Private Investigators

The National Association of Certified Valuators and Analysts (NACVA) supports the users of business and intangible asset valuation services and financial forensic services, including damages determinations of all kinds and fraud detection and prevention, by training and certifying financial professionals in these disciplines.

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