Posted by admin in Accounting on June 17, 2009
Forensic accounting is the practice of utilizing accounting, auditing, and investigative skills to assist in legal matters. It encompasses 2 main areas – litigation support, query, and dispute resolution. Litigation support represents the factual threshold of economic issues matching to existing or hanging litigation. In this capacity, the forensic accounting masterly quantifies damages sustained by parties involved in appropriate disputes and can compensation in resolving disputes, lined up before they reach the courtroom. If a discept reaches the courtroom, the forensic accountant may testify as an expert witness.
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