Forensic Accounting


DEFINITION of 'Forensic Accounting'

Forensic Accounting utilizes accounting, auditing, and investigative skills to conduct an examination into a company's financial statements. Thus, providing an accounting analysis that is suitable for court.

BREAKING DOWN 'Forensic Accounting'

Forensic accountants are trained to look beyond the numbers and deal with the business reality of a situation. They are frequently used in fraud cases.

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  1. How do I read and analyze an income statement?

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  3. Do prepayments provide working capital?

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  4. Does working capital include salaries?

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  5. What is a profit and loss (P&L) statement and why do companies publish them?

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