noun a branch of accounting that involves investigating financial records to uncover fraud or other illegal activities
Used in investigations of financial fraud, embezzlement, and other financial crimes.
Applied in audits to uncover financial discrepancies or fraudulent activities.
Helps in identifying and mitigating financial risks through forensic analysis.
Utilized in detecting financial irregularities within a company.
Utilized to investigate suspicious insurance claims for fraud or misrepresentation.
Forensic accounting can be used by writers to add authenticity to their crime novels or mystery stories by accurately depicting financial investigations and fraud detection techniques.
Psychologists may use forensic accounting techniques to analyze financial records in cases involving financial crimes or disputes to provide expert opinions in court proceedings.
Lawyers can utilize forensic accounting to uncover financial discrepancies, trace assets, and provide evidence of fraud or embezzlement in legal cases.
Auditors may incorporate forensic accounting methods to investigate suspected financial irregularities, identify fraudulent activities, and assess the accuracy of financial statements.
Law enforcement officers can benefit from forensic accounting to track illegal financial transactions, follow money trails in criminal investigations, and build cases against financial criminals.