Forensic Accounting

Forensic Accounting

Forensic Accounting

In line with Joseph W. Koletar

about Forensic Accounting in the Encyclopedia of Law Enforcement:

Forensic accounting has historically referred solely to the application of accounting skills, tests, and principles to financial books and records when litigation is anticipated. Since the 1970s, though, thousands of accountants, auditors, and investigators have become involved in such undertakings and, accordingly, the use of the term has broadened. Today, forensic accounting has expanded to involve criminal investigations, regulatory examinations, internal corporate inquiries, pre- or post-purchase price disputes, preacquisition due diligence, licensing disputes, vendor and purchasing integrity programs, bankruptcy investigations, protection of intellectual property, monitoring of joint venture activities, construction or project analysis, or various forms of controls and compliance assessment. At the same time that the term forensic accounting has broadened, so, too, have the types of professionals engaged in these activities.

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