What does forensic accounting mean?
Definitions for forensic accounting
foren·sic ac·count·ing
This dictionary definitions page includes all the possible meanings, example usage and translations of the word forensic accounting.
Wikidata
Forensic accounting
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 example: 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;
Numerology
Chaldean Numerology
The numerical value of forensic accounting in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of forensic accounting in Pythagorean Numerology is: 7
Translations for forensic accounting
From our Multilingual Translation Dictionary
- forenzní účetnictvíCzech
- kế toán pháp yVietnamese
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"forensic accounting." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/forensic+accounting>.
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