What is a Forensic Accounting Investigation?
Forensic accounting is a specialty practice area of accounting that investigates whether firms engage in financial reporting misconduct. Forensic accountants often assist with white-collar investigations, such as schemes involves securities fraud, money laundering, tax fraud, and cybercrimes.
The Certified Forensic Accountant (CRFAC) program from the American Board of Forensic Accounting assesses Certified Public Accountants (CPAs) knowledge and competence in professional forensic accounting services in a multitude of areas.
What do Forensic Accountants Look for?
Forensic accountants seek out financial anomalies and identify signs of financial fraud or financial manipulation. Forensic accountants may seek to identify various financial irregularities, improper accounts, or improper movement of funds between accounts.
Who Needs Forensic Accounting?
Attorneys involved in financial litigation and disputes related to fraud often utilize forensic accountants to review financial and accounting data.
What Types of Legal Proceedings Might use a Forensic Accountant?
Forensic accountants are often utilized in court proceedings involving financial disputes and disputes related to fraud.
What Types of Court Cases Might use a Forensic Accountant?
Forensic accountants are often utilized in court proceedings involving financial disputes and disputes related to fraud.
