Forensic accounting is a specialty area within the field of accounting. Forensic accountants are tasked with determining whether a company’s financial statements offer a fair assessment of its current position.

The forensic accountant’s job is to uncover cases of fraud and other illegal activities that may have occurred within the company. This is accomplished by conducting independent investigations into the company and its management team. The forensic accountant will typically examine all aspects of the company, including its financial statements, as well as any other relevant documents that may help them uncover any illegal activity going on within the organization.

Forensic auditing is another type of accounting that specializes in detecting fraud or other illegal activity within an organization’s finances. While auditors are tasked with determining whether a company’s financial statements offer a fair assessment of its current position, forensic accountants are instructed to do the exact opposite. Forensic accountants are specifically deployed to uncover cases of fraud.

Forensic accountants specialize in detecting illegal behavior and other fraudulent practices within companies’ financial records. They’re often hired by companies when there is suspicion that something has gone wrong and an investigation needs to be conducted into potential wrongdoing or theft from an employee or an outside party like a vendor or supplier.