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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RELATED FAQS
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    A liquid asset is cash on hand or an asset that can be readily converted to cash. An asset that can readily be converted ... Read Full Answer >>
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  4. How much working capital does a small business need?

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  5. What does high working capital say about a company's financial prospects?

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