Forensic Accountant

The Financial Reporting Council (FRC) mission is to serve the public interest by setting high standards of corporate governance, reporting and audit and holding to account those responsible for delivering them. We are the UK Competent Authority for audit. We also set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work, and monitor and take action to promote the quality of corporate reporting and operate independent enforcement arrangements for accountants and actuaries.

Further information about our role can be found at

The FRC's Enforcement Division is the independent disciplinary body for the accountancy and actuarial professions in the UK. It undertakes complex professional disciplinary investigations and prosecutions in cases involving accountants, accountancy firms and actuaries which raise important issues affecting the public interest in the UK.

Many of the investigations are large, complex, and high-profile and our cases regularly require liaison with other investigators including the Serious Fraud Office, the Financial Conduct Authority, the Insolvency Service, and the Pensions Regulator. Examples of our recent case outcomes can be found here.

More information on the work of the Division can be found in our Annual Enforcement Review.

The role involves assisting in the investigation of breaches of regulations and potential misconduct on the part of accountants, accountancy firms or actuaries.

The successful candidate will be responsible for:

Casework:

• Working with minimal supervision as the most senior financial investigator on small and medium sized complex investigations, and supporting Senior Forensic Accountants on the largest and most complex investigations.
• Determining the avenues of enquiry; using expertise to identify sources of evidence and requesting provision of documentation and information. On larger cases, working with Senior Forensic Accountants in undertaking these tasks.
• Using forensic skills to determine the approach to the review and analysis of all material obtained, including prior experience in the use of electronic review platforms.
• Undertaking personally significant or complex areas of an investigation.
• Identifying and working with internal experts to clarify relevant accounting, audit, actuarial or professional standards, and ensuring the case team has a thorough understanding of technical issues.
• Exercising moderate to high degree of judgement in different areas of casework, including identifying and prioritising key issues, and considering issues which have an impact beyond the immediate case.
• Preparing and conducting disciplinary interviews with subject partners and external lawyers. On larger cases, working with Senior Forensic Accountants in undertaking these tasks.
• Preparing an objective report of investigation findings to form the basis of instructions to the expert and external counsel and of further action on the case. On larger cases, working with Senior Forensic Accountants in undertaking these tasks.
• Agreeing and meeting deadlines for investigation work and working with the case lawyer to meet deadlines for the case as a whole.
• Working with the case lawyer in liaising with other regulators in sharing information.

Other accountabilities:

• Identifying areas where processes and best practice for investigations can be improved and developed and working with Senior Forensic Accountants, Director of Forensic Accounting and Enforcement Division management in agreeing and implementing these.
• Managing own time efficiently and prioritising tasks across multiple cases and non-casework as necessary.
• Liaising with the wider FRC in sharing relevant information on Enforcement and investigative issues.
• Working with the Director of Forensic Accounting to recruit forensic accountants.
• Working with the Director of Forensic Accounting in the coaching and development of forensic accountants in technical matters and forensic skills.
• Moderate degree of involvement in broader divisional management, such as leading or supporting additional projects within the Enforcement Division and/or supporting projects or groups with the wider FRC.

The role requires a very high degree of specialist skill and expertise. Individuals holding this position are expected to operate with minimal supervision on small and medium sized complex cases; support Senior Forensic Accountants on the largest and most complex cases; exercise a moderate degree of…