Forensic Audit Interview Question:

What Forensic Accountants Do?

Submitted by: Muhammad

Due to the recent cases of fraud and finance related crimes, the need for fraud deterrence and detection has been intensified. This is the reason forensic accounting continues to enjoy a rapidly increasing popularity in the world of business and finance.
Forensic accountants perform two main types of services: investigation and litigation support.
Investigation involves the examination of potential and actual evidences that could suggest the existence of fraudulent activities and the pertinent information associated in them.
In litigation support, forensic accountants provide assistance in a given case, primarily related to the calculation or estimation of economic damages and related issues. Forensic accountants also present evidences and act as expert witnesses in court rooms where they provide valuable points that are useful in deciding over fraud and related cases.
Submitted by: Muhammad