FAQs

Forensic accounting, sometimes called investigative accounting, involves the application of accounting concepts and techniques to legal problems. Forensic accountants investigate and document financial fraud and white-collar crimes such as embezzlement. They also provide litigation support to attorneys and law enforcement agencies investigating financial wrongdoing.

Many different organizations consult forensic accountants. Corporations hire forensic accountants to investigate allegations of fraud on the part of their employees, suppliers or customers. Attorneys consult forensic accountants to obtain estimates of losses, damages and assets related to specific legal cases in many areas of the law. In criminal investigations, forensic accountants analyze complex financial transactions.

An examination and evaluation of a firm's or individual's financial information for use as evidence in court. A forensic audit can be conducted in order to prosecute a party for fraud, embezzlement or other financial claims. In addition, an audit may be conducted to determine negligence or even to determine how much spousal or child support an individual will have to pay.

A forensic accounting professional can assist in a variety of ways. Before fraud occurs they are able to offer fraud prevention consulting services. When suspected fraud has already taken place they are able do a complete review of the situation and provide suggested course of action based on their findings, they assist with the recovery and protection of assets, work collaboratively with other experts including law enforcement, attorneys, private investigators and assist with litigation support.