Forensic Accounting

Forensic accounting is a special field of accounting - and a challenging one. A forensic accountant investigates fraud, bribery, money laundering and embezzlement by analyzing financial records and transactions, property searches and more. Security fraud, identity theft, indemnity disputes and trademark and patent infringement are just some of the areas of focus for forensic accountants.

Forensic accounting, forensic accountancy or financial forensics is the specialty practice area of accounting that investigates whether firms engage in financial reporting misconduct. Forensic accountants apply a range of skills and methods to determine whether there has been financial reporting misconduct.

There can be different types of forensic accounting. Some common examples:

1.     Financial theft (customer, employee, or external)

2.     Security Fraud

3.     Bankruptcy

4.     Defaulting on debt

5.     Economic loss (various types of lawsuits for loss recovery)

6.     M&A related cases

7.     Tax evasion or fraud

8.     Corporate valuation disputes

9.     Professional negligence claims

10.                        Money laundering

11.                        Privacy information

12.                        Divorce proceedings