What is it?

Forensic: Application of science

Accounting: Enlisting economic events and circulating info Forensic Accounting: Use of method to fight Accounting related crime

History
Eyes and ears of the Pharaoh. 1817 bankruptcy hearing and detecting tax evasion 2001, Enron fraud 2002 - SarbanesOxley Act

Function

Investigating and analyzing financial evidence Developing computerized applications to assist in the analysis and

presentation of financial evidence

Communicating their findings in the form of reports, exhibits and

collections of documents
Assisting in legal proceedings, including testifying in court as an

expert witness and preparing visual aids to support trial evidence.

Classifications
1 2 3

Criminal Investigations Shareholders' and Partnership Disputes Personal Injury Claims / Motor Vehicle Accidents Business Interruption / Other Insurance Claims

4
5 6 7 8

Business/Employee Fraud Investigation

Matrimonial Disputes Business Economic Losses Professional Negligence

Mediation and Arbitration

How does it work?

Meet with the client

Perform a conflict check

Perform an initial investigation

Develop an Action Plan

Obtain the relevant evidence

Perform the analysis

Prepare the report

Who retains them?

Lawyers Police Forces Insurance Companies Courts

Government

Banks
Business Community

How to stay safe

GAAP and Sarbox need to be followed All accounts need to be maintained ethically Buy products from sites that are safe, reviewed, and trusted. Keep device clean from malware