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Forensic Accountants
Forensic accountants
involved in litigation support provide factual reporting of
economic issues related to existing or pending litigation.
Forensic accountants quantify damages sustained by parties
involved in legal disputes and assist in resolving disputes,
even before they reach the courtroom. If a dispute reaches the
courtroom, the forensic accountant may testify as an expert
witness.
Forensic accountants also
act in an investigatory capacity, deciding whether criminal
matters such as employee theft, securities fraud (including
falsification of financial statements), identity theft, and
insurance fraud have occurred. As part of the forensic
accountant’s work, he or she may recommend actions that can be
taken to minimize future risk of loss. Investigation may also
occur in civil matters. For example, the forensic accountant may
search for hidden assets in divorce cases.
Forensic Accounting Professional
Duties include:
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Investigating and analyzing financial evidence such as forged
documents and bookkeeping records
- Developing
computerized applications to assist in the analysis and
presentation of financial evidence
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Communicating their findings in the form of reports, exhibits
and collections of documents
- Assisting in
legal proceedings, including testifying in court as an expert
witness and preparing visual aids to support trial evidence
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