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.
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.
How much do Forensic Accountants charge?
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 Accounting?
When you hire a forensic accountant, he will use certain examination techniques that are routinely used by accountants during financial audits. However, whereas the conventional auditor might perform, so-called attest functions, the forensic accountant's objectives are materially different as he is strictly for his client and is not accountable to other stakeholders.
What steps are there in Forensic Accounting investigation?
How much do Forensic Accountants charge?
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