The Role and Responsibilities of a Forensic Accountant

1605 Words6 Pages
Introduction Accounting skills are useful for companies and individuals who are trying to maximize their profits and maintain a competitive advantage, but forensic accounting can help bring justice and peace of mind for many others by illuminating financial processes that can help explain criminal actions and behaviors. The purpose of this essay is to describe the five most important skills a forensic accountant may possess in order to become successful. This essay will describe each one of these traits and describe its application to business operations. Next the essay will describe the role of the forensic accountant within a courtroom environment and then also discuss the legal responsibilities that these professionals have to obey in the course of their work. Finally this essay will highlight two real world cases where forensic accounting provided vital evidence in a legal court case. Background Forensic accounting covers two broad areas: litigation support and investigative accounting. The AICPA describes litigation service as "any professional assistance non-lawyers provide to lawyers in the litigation process." Forensic science may be defined as the application of the laws of nature to the laws of man. Forensic accounting is accounting that is suitable for legal review, offering the highest level of assurance, and is of a scientific nature. Forensic accounting should be sufficiently thorough and complete so that an accountant, in his/her considered independent

More about The Role and Responsibilities of a Forensic Accountant

Open Document