Forensic accounting and fraud detection is perhaps the only potent way in which financial fraud can be identified and busted to ensure transparency in financial transactions. Businesses and even one-person companies are no stranger to various types of financial fraud, which can lead to significant losses if not detected early. An effective way to deal…
Forensic accounting aims to evaluate financial records and identify fraud using a combination of accounting, auditing, and investigation abilities. It involves applying accounting techniques to legal problems and disputes to provide evidence that can be used in legal proceedings. Forensic accountants are frequently requested to investigate financial fraud and give qualified testimony in court. Fraud…
