Forensic Accountants combine traditional accounting skills with the keen eye of an investigator and a firm understanding of the legal system. They have an understanding of accounting, criminology, law and investigative auditing techniques. They look behind what the data says at face value to determine what is actually going on behind the scenes.
Through a specific kind of examination called a forensic audit, forensic accountants determine whether or not there is evidence of fraud. Forensic accountants assist in resolving civil disputes and criminal prosecutions involving financial crimes and assist in fraud prevention, asset location and asset recovery. They often work with other experts such as private investigators, forensic document examiners and attorneys to review facts, develop litigation strategy and build a case. They carefully examine a company’s financial records, review outside data such as public records, and conduct interviews of witnesses and suspects. They prepare reports summarizing their findings as evidence and may also testify as expert witnesses in a court of law.
Typical engagements include examinations of employee theft, financial statement fraud, professional negligence, business disputes, marital disputes, and business and economic valuations.
The Cr.FA credential is the globally preferred certification for forensic accounting professionals.