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- Forensic_accounting abstract "Forensic accounting, forensic accountancy or financial forensics is the specialty practice area of accounting that describes engagements that result from actual or anticipated disputes or litigation. "Forensic" means "suitable for use in a court of law", and it is to that standard and potential outcome that forensic accountants generally have to work. Forensic accountants, also referred to as forensic auditors or investigative auditors, often have to give expert evidence at the eventual trial. All of the larger accounting firms, as well as many medium-sized and boutique firms, as well as various Police and Government agencies have specialist forensic accounting departments. Within these groups, there may be further sub-specializations: some forensic accountants may, for example, just specialize in insurance claims, personal injury claims, fraud, construction, or royalty audits.Financial forensic engagements may fall into several categories. For examples: Economic damages calculations, whether suffered through tort or breach of contract; Post-acquisition disputes such as earnouts or breaches of warranties; Bankruptcy, insolvency, and reorganization; Securities fraud; Business valuation; and Computer forensics/e-discovery. Forensic accountants often assist in professional negligence claims where they are assessing and commenting on the work of other professionals. Forensic accountants are also engaged in marital and family law of analyzing lifestyle for spousal support purposes, determining income available for child support and equitable distribution.Engagements relating to criminal matters typically arise in the aftermath of fraud. They frequently involve the assessment of accounting systems and accounts presentation—in essence assessing if the numbers reflect reality.Some forensic accountants specialize in forensic analytics which is the procurement and analysis of electronic data to reconstruct, detect, or otherwise support a claim of financial fraud. The main steps in forensic analytics are (a) data collection, (b) data preparation, (c) data analysis, and (d) reporting. For example, forensic analytics may be used to review an employee's purchasing card activity to assess whether any of the purchases were diverted or divertible for personal use.".
- Forensic_accounting wikiPageExternalLink papers.cfm?abstract_id=2210016.
- Forensic_accounting wikiPageExternalLink www.acfe.com.
- Forensic_accounting wikiPageExternalLink Overview%20Certified%20in%20Financial%20Forensics%20Credential.aspx.
- Forensic_accounting wikiPageID "874346".
- Forensic_accounting wikiPageRevisionID "604844921".
- Forensic_accounting hasPhotoCollection Forensic_accounting.
- Forensic_accounting subject Category:Accounting_terminology.
- Forensic_accounting subject Category:Auditing.
- Forensic_accounting subject Category:Forensic_disciplines.
- Forensic_accounting subject Category:Lawsuits.
- Forensic_accounting subject Category:Types_of_accounting.
- Forensic_accounting type Abstraction100002137.
- Forensic_accounting type Act100030358.
- Forensic_accounting type Cognition100023271.
- Forensic_accounting type Content105809192.
- Forensic_accounting type Discipline105996646.
- Forensic_accounting type DueProcess101181475.
- Forensic_accounting type Event100029378.
- Forensic_accounting type ForensicDisciplines.
- Forensic_accounting type GroupAction101080366.
- Forensic_accounting type KnowledgeDomain105999266.
- Forensic_accounting type Lawsuit101182654.
- Forensic_accounting type Lawsuits.
- Forensic_accounting type Proceeding101184814.
- Forensic_accounting type PsychologicalFeature100023100.
- Forensic_accounting type YagoPermanentlyLocatedEntity.
- Forensic_accounting comment "Forensic accounting, forensic accountancy or financial forensics is the specialty practice area of accounting that describes engagements that result from actual or anticipated disputes or litigation. "Forensic" means "suitable for use in a court of law", and it is to that standard and potential outcome that forensic accountants generally have to work. Forensic accountants, also referred to as forensic auditors or investigative auditors, often have to give expert evidence at the eventual trial.".
- Forensic_accounting label "Forensic accounting".
- Forensic_accounting label "Forensic auditing".
- Forensic_accounting label "Juricomptabilité".
- Forensic_accounting label "Perícia contábil".
- Forensic_accounting label "Судебная бухгалтерия".
- Forensic_accounting sameAs Juricomptabilité.
- Forensic_accounting sameAs Akuntansi_forensik.
- Forensic_accounting sameAs Forensic_auditing.
- Forensic_accounting sameAs Perícia_contábil.
- Forensic_accounting sameAs m.03knf3.
- Forensic_accounting sameAs Q2663158.
- Forensic_accounting sameAs Q2663158.
- Forensic_accounting sameAs Forensic_accounting.
- Forensic_accounting wasDerivedFrom Forensic_accounting?oldid=604844921.
- Forensic_accounting isPrimaryTopicOf Forensic_accounting.