Forensic accounting involves the use of accounting, auditing, and investigative skills to examine financial statements for legal cases. It often aids in uncovering fraud, embezzlement, and other financial crimes.
5 Must Know Facts For Your Next Test
Forensic accountants commonly work with law enforcement agencies and legal teams.
They are skilled in both accounting principles and criminal investigation techniques.
Forensic accounting can be used in civil cases as well as criminal cases.
The analysis performed by forensic accountants is often used as evidence in court.
A strong understanding of information systems is crucial for detecting anomalies in large datasets.
Review Questions
What are the primary skills required for a career in forensic accounting?
How does forensic accounting contribute to legal proceedings?
Why is knowledge of information systems important for forensic accountants?