What is Forensic Accounting?
“Forensic Accounting” is a specialized form of accounting, also known as Investigative Accounting. It is used to detect and quantify fraud, theft, kickbacks and other inappropriate financial transactions. With the increase in white-collar crime like Ponzi schemes, money laundering, online fraud, securities fraud, financial reporting irregularities, and identity theft, the number of individuals and organizations requiring Forensic and Investigative Accounting and Litigation Support services is growing.
Forensic and Investigative Accounting is also used in civil matters to quantify financial amounts in civil and other disputes.