Forensic accounting is the specialty practice area of accounting that describes engagements which result from real or anticipated litigation. Broadly speaking, these engagements fall into one of four categories: economic damages, family law, fraud and other forms of economic crime, and business valuation.
Forensic accounting is the practice of utilizing accounting, auditing, and investigative skills to assist in legal matters.
Forensic accounting is accounting with a strong emphasis on investigation and financial analysis, usually for litigation purposes. Accountants that specialise in corporate recovery are ideally suited to conduct forensic accounting assignments because investigations are required to be conducted in all corporate recovery assignments and this develops our investigation and analytical skills to a very high level.
Forensic Accounting utilizes accounting, auditing, and investigative skills to conduct an examination into a company's financial statements. Thus, providing an accounting analysis that is suitable for court.
The application of the principles of accounting, investigation, and expert testimony to a broad range of financial situations that require criminal investigation. Also known as fraud auditing or investigative accounting.
Forensic accounting is the specialty practice area of accounting that describes engagements that result from actual or anticipated disputes or litigation. 'Forensic' means suitable for use in Court, and it is to that standard and potential outcome that forensic accountants generally have to work. Forensic accountants often have to give expert evidence at the eventual trial.