Forensic accounting goes beyond just the numbers in a case and instead seeks to uncover the truth. Accountants investigate financial transactions such as fraud and embezzlement which can be used to help prevent additional crimes and tighten compliance efforts.

Whereas traditional accounting deals in the assessment of business funds and properly conveying information to investors and management, a forensic accountant is called upon to investigate the flow of funds through a business for the purpose of evaluating the paths they take and determine whether illegal transactions have occurred.

A forensic accountant investigates a wide range of different activities related to fraud that can take place within corporate, healthcare, real estate, mass marketing, hedge funds, and securities trading fields.

These professionals may also investigate other crimes such as contract disagreements, money laundering, bribery, and embezzlement. While the duties of forensic accountants mainly lead them to investigate and analyse, they may also be called upon to serve as expert witnesses in court.

There are instances in which the skills forensic accountants employ are used in more personal matters. In a dissolution of a marriage, for example, a forensic accountant will review the financial situations of both parties as well as their spending to advance the settlement process and to provide attorneys with accurate information to use in court. Forensic accountants are able to trace assets through investment accounts, and they can also identify hidden income or assets.

Need help? Contact our Forensic Accounting Specialist, Vincent Liu, at 027-5339612.