Corporate Talk WA

Due to the complex nature of forensic accounting work, extensive experience is needed to investigate fraud and uncover past transactions and events. A forensic accountant requires strong investigative skills and knowledge of the legal system.  Forensic Accounting Explained Also known as financial forensics, there are two broad areas of forensic accounting – investigation and litigation support. Investigation A forensic accountant may be commissioned to investigate whether a theft, fraud or embezzlement has occurred and how. Forensic accountants need to be suspicious of every individual and transaction they are investigating. A forensic accountant usually studies a situation after the fact while a fraud auditor’s role is to provide control so that theft or fraud is less likely to occur. Litigation Support Using their accounting knowledge and skills, a forensic accountant applies their experience to legal issues. They must have knowledge of the courtroom to be able to testif...