What is Forensic Accounting? Definition and meaning

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.

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

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