FORENSIC ACCOUNTING , FORENSIC

INVESTIGATION & FORENSIC AUDITING

FORENSIC

SUITABLE FOR USE IN A COURT OF LAW

CRIME-SOLVING;

OF DEBATING;

Relating to the
application of science to decide
questions arising from crime or
litigation.
Relating to debate and
formal argumentation.

TABLE ;

FORENSIC ACCOUNTING
It is the application of a wide range of

accounting auditing and investigative

skills to measure and verify economic
damages and resolve financial disputes.
Detailed examination and analysis of

financial documents and records for use

as evidence in a court of law. The term
forensic accounting can refer to
anything from the execution of a fraud
analysis to the recreation of true

 Specialty

practice area of accountancy that

describes engagements that result from actual
or anticipated disputes or litigation.

Undertaking

a financial investigation in response

to a particular event, where the findings of the
investigation may be used as evidence in a court
or to otherwise help resolve disputes.

a) Required the application of professional accounting skills ,

investigative skills and an investigative mindset; and

b) Involve disputes or anticipated disputes , or where there are

risks , concern or allegations of fraud or other illegal or

unethical conduct.

Used to describe the wide range of

investigative work which accountants in
practice could be asked to perform . The
work would normally involve an
investigation into the financial affairs of
an entity and is often associated with
investigations into alleged fraudulent
activity. Forensic accounting refers to the
whole process of investigating a financial
matter, including potentially acting as an
expert witness if the fraud comes to trial .

It is the application of an otherwise

criminal mentality for the forces of good.

FORENSIC
INVESTIGATION

Involve using specialized investigative skills to carry

out enquiries conducted in such a manner that the
outcome will have application to a court of law.

The process of forensic accounting as described

above includes the forensic investigation itself,
which refers to the practical steps that the forensic
accountants takes in order to gather evidence
relevant to the alleged fraudulent activity. The
investigation is likely to be similar in many ways to
an audit of financial information , in that it will
include a planning stage, a period when evidence is
gathered , a review process ,and a report to the
client.

Carried out for civil or criminal cases. These can

involve fraud or money laundering.

FORENSIC
AUDITING

The process of gathering , analysis and reporting on data ,

in a pre-defined context , for the purpose of finding facts
and/or evidence in a context of financial/legal disputes
and/or irregularities and giving preventative advice in this
area.

The examination or evidence regarding an assertion to

determine its correspondence to established criteria
carried out in a manner suitable to the court .

Refers to the specific procedures carried out in order to

produce evidence . Audit techniques are used to identify
and to gather evidence to prove, for example, how long
the fraud has been carried out , and how it was conducted
and concealed by the perpetrators . Evidence may also be
gathered to support other issues which would be relevant
in the event of a court case.