Definitions for "Forensic Accounting"
Forensic accounting is the specialty practice area of accounting that describes engagements which result from real or anticipated litigation. Broadly speaking, these engagements fall into one of four categories: economic damages, family law, fraud and other forms of economic crime, and business valuation.
Forensic accounting is the practice of utilizing accounting, auditing, and investigative skills to assist in legal matters.
Forensic accounting is accounting with a strong emphasis on investigation and financial analysis, usually for litigation purposes. Accountants that specialise in corporate recovery are ideally suited to conduct forensic accounting assignments because investigations are required to be conducted in all corporate recovery assignments and this develops our investigation and analytical skills to a very high level.