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What does a Forensic Accountant Do ?

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Question added by Abed Othman , Financial Administrative Assistant , United Nations International for immigration
Date Posted: 2014/09/30
Abed  Othman
by Abed Othman , Financial Administrative Assistant , United Nations International for immigration

A Forensic Accountant is often retained to analyze, interpret, summarize and present complex financial and business related issues in a manner which is both understandable and properly supported.

Forensic Accountants can be engaged in public practice or employed by insurance companies, banks, police forces, government agencies and other organizations.

A Forensic Accountant is often involved in the following:

  • Investigating and analyzing financial evidence;
  • Developing computerized applications to assist in the analysis and presentation of financial evidence;
  • Communicating their findings in the form of reports, exhibits and collections of documents; and
  • Assisting in legal proceedings, including testifying in court as an expert witness and preparing visual aids to support trial evidence.

Fawad Javed (Transferable Iqama)
by Fawad Javed (Transferable Iqama) , Accountant (Oracle - ERP) , PricewaterhouseCoopers

DEFINITION OF 'FORENSIC ACCOUNTING'

 

Forensic Accounting utilizes accounting, auditing, and investigative skills to conduct an examination into a company's financial statements. Thus, providing an accounting analysis that is suitable for court.

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Forensic Accountants combine their accounting knowledge with investigative skills in various litigation support and investigative accounting settings. Forensic Accountants are employed by public accounting firms’ forensic accounting divisions; by consulting firms specializing in risk consulting and forensic accounting services; or by lawyers, law enforcement agencies, insurance companies, government organizations or financial institutions. Due to heightened awareness and growing intolerance of fraudulent activity, demand for Forensic Accountants is rapidly increasing.

Malik Khalid Mahmood
by Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

Accountants with critical investigation skills who are familiar with accounting transactions, policies and procedures.  Awareness of types of frauds, chances of occurrence, policy weaknesses, Documents weakness.  All depends on this and this this a off site job.

Deleted user
by Deleted user

agreed with mr abed hasan

Kamran Anjum
by Kamran Anjum , Head of Internal Audit , Rafhan Maize Products Company limited, Faisalabad, Pakistan, Ingredion Incorporated Gmbh

Forensic just means "relating to the application of scientific knowledge to a legal problem" or "usable in a court of law."Forensic accounting is simply a specialty field within the broader arena of accounting.

The types of crimes forensic accountants investigate are classified as "crimes against property." They investigate crimes such as fraud and give expert testimony in court trials. They also perform work related to civil disputes. Forensic accountants are also known as fraud investigators, investigative accountants, forensic auditors or fraud auditors.

Although forensic accounting may not sound as glamorous as its other investigative counterparts, the field has received more attention in recent years. This is due in part to the high-profile, financial white-collar crimes involving large corporations, such as the Enron an­d Adelphia Communications scandals of2001 and2002. 

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

Agreed with the answers to all colleagues

Sara Naeem
by Sara Naeem , Trainee Finance officer , Wah Brass Mill

Thanks for the invitation but I am late Sorry..many professionals already gives complete answer before me.

Mohamed Esam Mohamed Kamel
by Mohamed Esam Mohamed Kamel , Financial Analyst , Egyptian Water & Wastewater Regulatory Agency (EWRA)

Forensic accounting (Forensic audit):

The application of accounting methods to the tracking and collection of forensic evidence, usually for investigation and prosecution of criminal acts such as embezzlement or fraud.

عصام الدين حامد العبيد حامد
by عصام الدين حامد العبيد حامد , Finance Manager , Arab Academy for Specail Education

A forensic accountant is often retained to analyze, interpret, summarize and present complex financial and business related issues in a manner which is both understandable and properly supported.

Forensic accountants can be engaged in public practice or employed by insurance companies, banks, police forces, government agencies and other organizations.

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