Due to its importance in planning and detecting fraud in business, forensic accounting is considered one of the professions of the future. Due to the complexity of the profession and the interdisciplinary approach, forensic accountants must be highly educated and have specific knowledge and skills that need to be improved. For this reason, more and more attention is being paid to the provision of formal higher education in the area. The aim of the paper is to analyse and compare the level of development of forensic accounting in selected countries (Croatia, Slovenia, Bosnia and Herzegovina and Montenegro), through the analysis of formal higher education in this area. The goal of the research is to examine the occurrence of courses or separate study programs in the field of forensic accounting and fraud, to determine at which study levels students are educated about forensic accounting in a particular country, and to compare the research results and determine the degree of development of formal education in the field of forensic accounting. The results show that there is a difference in the inclusion of courses in the field of forensic accounting in study programs depending on the level of study, with the most represented education being at the diploma level, or level 7 of the European Qualification Framework. The research showed that higher education formal education in the field of forensic accounting and fraud is mostly provided by higher education institutions in the Republic of Croatia at all levels of education in accordance with the European Qualifications Framework (levels 6, 7 and 8), while in Montenegro education from this specific area of accounting is the least represented.