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Forensic accounting is the application of specialized knowledge and specific skills to stumble upon the evidence of economic transactions. The ever-increasing corrupt business practices, corporate frauds, the much talked about financial statement frauds at Enron and WorldCom and other crimes have brought 'forensic accounting' to limelight. Rapid advances in technology sector transformed the nature of frauds. Countering sector-specific frauds require an ...
Forensic accounting is the specialty practice area of accounting that describes engagements that result from actual or anticipated disputes or litigation. Forensic accounting is thorough and complete in all aspects, so that an accountant, in his/her professional judgment, can deliver findings and results as to accounts, inventories and the presentation that is of high quality and that it would be sustainable in some adversarial legal proceedings or administrative ...