A forensic accountant performs an in-depth financial analysis for any client that is dealing with or anticipating a legal issue. Many forensic accountants are also CPAs, and have extensive experience in various financial and legal matters. They use investigatory accounting methods to analyze financial data and various records in order to calculate certain types of monetary damage. Many people rely on a forensic accountant when dealing with lost profits, the destruction of a business, partnership disputes, and ownership disputes.
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Forensic accounting is the legal practice of utilizing investigative accounting and auditing skills to conduct an evaluation of the financial statements of a company or individual. Forensic accountants, also referred to as forensic auditors or investigative auditors, often are called upon to give expert evidence at an eventual trial. Forensic accounting includes dispute resolution, litigation support, financial expertise, and expert witness services. If you are currently undergoing a legal financial problem, then seeking the assistance of an experienced forensic accountant is of vital importance.