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Forensic Accounting

Forensic accounting, or financial forensics, is an area of accounting that applies analytical and investigative practices in order to resolve financial issues. In this case, forensic basically means that the standard of work performed by the investigative auditor should be of a standard that is suitable for use in a court of law.
What do Forensic Accountants investigate?  Forensic auditors and investigative accountants are frequently used in cases that cases where there is a breach of contract, where economic damages have to be calculated. In that respect, insurance companies are frequent users of forensic accountants.

Financial fraud is another avenue of forensic accountants, as well as in the aftermath of corporate bankruptcies and corporate reorganizations. Forensic accountants also play a role in post-acquisition disputes and in disputes that relate to the settlement of derivatives and other financial instruments, such as royalty agreements.
What are the objectives of Forensic Acc…

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