What is Forensic Accounting?





August 13, 2015. Posted in Uncategorized.

What is Forensic Accounting?

According to the Marriam-Webster dictionary, Forensic means relating to the use of scientific knowledge or methods in solving crimes or relating to, used in, or suitable to a court of law.

Also defined by the Marriam-Webster dictionary, Accounting is the skill, system, or job of keeping the financial records of a business or person

Forensic Accounting is the practice of accounting in support of litigation. A Forensic Accountant performs an accounting analysis for the purpose of the court that will provide information for the judicial decision. A Forensic Accountant employs accounting skills to analyze, for example, earnings and income stream of individuals and businesses. An experienced Forensic Accountant provides expert witness testimony which includes a detailed explanation of financial information.

A Forensic Accountant may be retained on matters such as:

  • Business Valuation
  • Construction Issues
  • Contractual Disputes
  • Employment Law
  • Extra Expense
  • Family Law
  • Fraud Investigation
  • Insurance Litigation
  • Intellectual Property
  • Lost Profits
  • Loss of Earnings
  • Patent Infringement
  • Personal Injury
  • Product Liability
  • Product Recall
  • Professional Liability
  • Shareholder Disputes
  • Subrogation
  • Wage and Hours
  • Wrongful Death
  • Wrongful Termination

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