Forensic Accounting is the specialty practice area of
accounting that describes engagements that result from actual or anticipated
disputes or litigation. “Forensic” means suitable for use in Court, and it is
to that standard and potential outcome that forensic accountants generally have
to work.
Forensic accountants examine data to determine where missing
money has gone and how to recover it. They may also present reports of their
financial findings as evidence during hearings, where they often testify as
expert witnesses. This work serves an important purpose at public accounting
and consulting firms, law firms, law enforcement agencies, and insurance
companies.
