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 review. In the light of increasing white-collar crimes and its high costs to corporate and the public, combating this menace is of the highest priority. The expansion of computers makes organizations more vulnerable to fraud and abuse. The role of forensic accountants has been amplified. A forensic accountant is a professional who goes beyond the numbers and combines his financial expertise with investigative prowess to uncover frauds of all magnitudes. In addition, a concerted effort by the management of the business, the external auditors and by all employees of the business is needed to combat and counter the fraudsters. The orientation of forensic accounting is cause and effect approach and the primary methodology employed by forensic accountants is objective verification. This book attempts to present a comprehensive literature on some specific white collar thefts which are all pervasive and which have social repercussions.
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