Forensic Accounting


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Forensic Accounting

A branch of accounting that 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 dispute to bolster their cases.
References in periodicals archive ?
This further expands our forensic accounting services across the world, while strengthening our resources throughout the country," said Jon Held, Chief Executive Officer of J.S.
Thomas Horne, CPA/CFF, CFE, is a manager in LaPorte CPE's Litigation and Forensic Accounting Services group.
The combination of the two firms will create a premier global forensic accounting practice, adding a well-established, global player that will enhance the ability of both teams to serve clients worldwide.
(2) In other words, forensic accounting is a method to investigate financial transactions regarding fraudulent activities.
"Forensic accounting is the use of accounting skills to investigate fraud or embezzlement and to analyze financial information for the use in legal proceedings." That's a definition found with a web search.
This training course has the possibility to lead the way to a local forensic accounting qualification for Qatari accountants.
Research around the early 2000s found that very few colleges and universities offered any type of forensic accounting education.
It's no secret that much forensic accounting activity relies heavily on information provided by cost/managerial (CM) accounting systems.
SUNY Old Westbury has announced the addition of a new Master of Science in forensic accounting major, the first of its kind on Long Island.
BANKING AND CREDIT NEWS-November 13, 2017-MPI expands consulting services to include forensic accounting and economic damage calculations
Those who do stay academically motivated, however, will come across numerous articles on the topic of forensic accounting. This topic, and several connected to it, is well worth keeping abreast of; for example, fraud is in the news on a daily basis, as whistle-blowing and class action lawsuits leading to large fines, and even criminal charges, levied on those responsible.
New York, NY, September 30, 2017 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory-focused webcasts, has announced today that Michael Kupka, Director, Mazars USA LLP will be part of the panel on a webcast entitled "Forensic Accounting & Litigation: Tools & Strategies for 2017 & Beyond Live Webcast." This webcast is scheduled on October 12, 2017 @ 12:00 PM to 2:00 PM (ET)
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