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Accounting and Legal
Fundamentals for Forensic
Accounting
McGraw-Hill/Irwin
Forensic Accounting © 2008 The McGraw-Hill Companies, Inc. All rights reserved.
Accounting and Legal Fundamentals 1-3
for Forensic Accounting
What Is Forensic Accounting?
Forensic accounting is the application of investigative and
analytical skills for the purpose of resolving financial issues in
a manner that meets standards required by courts of law.
The Forensic Accountant
Forensic accountants apply special skills in accounting,
auditing, finance, quantitative methods, certain areas of the
law, research, and investigative skills to collect, analyze, and
evaluate evidential matter and to interpret and communicate
findings.
Accounting and Legal Fundamentals 1-4
for Forensic Accounting
Knowledge and Skills of the Forensic Accountant
Auditing, investigative, and communication skills; criminology;
legal; psychology; IT; and Accounting
Opportunities in Forensic Accounting
Fraud prevention and investigation, litigation support,
computer forensics
Forensic Accounting Organizations
Association of Certified Fraud Examiners, the American
College of Forensic Examiners, the Association of Certified
Fraud Specialists, the National Association of Certified
Valuation Analysts, the National Litigation Support Services
Association, the Institute of Business Appraisers, and the
American Institute of Certified Public Accountants.