Project On Financial Statement Analysis Topic:- Forensic Accounting

Prepared by: Souvick Mallick Roll-48

“Forensic”. Forensic Accountants are trained to look beyond the numbers and deal with the business reality of the situation. interpret.  Developing computerized applications to assist in the analysis and presentation of financial evidence. according to the Webster’s Dictionary means. summarize and present complex financial and business related issues in a manner which is both understandable and properly supported.Forensic Accounting The integration of accounting. A Forensic Accountant is often involved in the following:  Investigating and analyzing financial evidence. Job Of A Forensic Accountant A Forensic Accountant is often retained to analyze. used in or suitable to courts of judicature or to public discussion and debate.” Forensic Accounting provides an accounting analysis that is suitable to the court which will form the basis for discussion. . “Belonging to. debate and ultimately dispute resolution. auditing and investigative skills yields the speciality known as Forensic Accounting.

 Communicating their findings in the form of report. exhibits and collections of documents. Who retains a Forensic Accountant Forensic Accountants are often retained by the following groups:  Lawyers  Police forces  Insurance companies  Government regulatory bodies and Agencies  Banks  Court  Business Community Assignments performed by Forensic Accounting  Criminal Investigations  Shareholders and Partnership Disputes  Personal injury claims/ Motor vehicle accidents  Business interruption/Other types of insurance claims  Business/Employee Fraud Investigations . including testifying in court as an expert witness and preparing visual aids to support trial evidence. and  Assisting in legal proceedings.

 Matrimonial Disputes  Business Economic losses  Professional Negligence Charectistics of a Forensic Accountant A capable Forensic Accountant should have the following characteristics:  Curiosity  Creativity  Persistence  Discretion  Organisation  Confidence  Sound Professional Judgement Conclusion With the growing complexity of the business environment and the growing number of business related investigations. . Forensic Accounting professionals are increasingly asked to assist in the investigation of financial and business related issues.

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