Forensic Accountant


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Forensic Accountant

An accountant who uses investigative skills to determine the accuracy of a company's financial statements in a legal dispute. The word forensic means "suitable for a court of law." Thus, forensic accountants are used in fraud investigations, breach of contract disputes, and other disagreements that require court action. Forensic accountants are often retained by one or both parties in such disputes to bolster their cases.
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This forensic accountant argued before the court that it wasn't the nature of the service but rather the amount of service that's performed for customers that drives costs.
Forensic accountants apply their skills to legal cases to answer questions regarding damages, generally with an economic bearing, or where there is a concern expressed by a company potentially experiencing fraud or suffering from deficient internal controls.
Using widely accepted methodologies and industry understanding, the forensic accountant then utilizes this information to piece together the story behind the numbers and quantify the reasonable business insurance loss for each claim.
He added: "We don't have any technically trained forensic accountants but seven have been interviewed and offered jobs.
Following Massino's high-profile trial, it was suggested that, like the Canadian Mounties, the competent forensic accountant "always gets his man".
He has since built a successful career as a forensic accountant, but his memories of the FBI are still fresh.
An entity such as a nonprofit organization or a business, where the forensic accountant is retained to investigate, confirm the existence of and quantify an anomaly such as an embezzlement or accounting errors.
The online survey, commissioned by forensic accountants RGL Forensics, found that 22 per cent of those questioned from the region admitted to having bank accounts that only they knew about.
The forensic accountant requested various historical financial documents from the policyholder for the purpose of determining an appropriate base period from which to project the restaurant's operating results during the period of restoration.
He has been with the firm for 18 years and has more than 13 years experience as a forensic accountant.
Expert Witness--Specialist in a subject who may present his or her expert opinion such as a forensic accountant or C.
Using a team of financial investigators - and a forensic accountant - they work to calculate the amount of money the individual has pocketed through their crimes over the previous six years.

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