Forensic Accounting

   

Definition: Forensic Accounting is the special discipline of accounting that:
- Conducts a thorough investigation and detailed analysis of financial manipulation and fraudulent activities.
- Explains and discovers the nature of financial crimes of the business entity in court.
- Combines forensic audit and forensic investigation.

Forensic (~judicial, judiciary, juridical) is an adjective relating to or denoting the application of scientific methods and techniques to the detection, investigation and reporting of alleged (supposed) crimes for the benefit of courts of law.


   
   

More on accounting and auditing: Accounting Cycle, Accounts Payable, Accounts Receivable, Amortization, Appreciation, more...



   

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