Forensic accounting involves using accounting skills to examine potential financial crimes or fraud. It utilizes accounting, auditing, and investigative skills to analyze a company's financial statements for use as evidence in court or litigation. Forensic accountants perform tasks like tracing funds, reviewing financial data, and preparing reports and testimony. They require skills in areas like detecting money laundering, communication, and analysis. Demand for forensic accountants is high due to needs like investigating mergers and prosecuting economic crimes.
Forensic accounting involves using accounting skills to examine potential financial crimes or fraud. It utilizes accounting, auditing, and investigative skills to analyze a company's financial statements for use as evidence in court or litigation. Forensic accountants perform tasks like tracing funds, reviewing financial data, and preparing reports and testimony. They require skills in areas like detecting money laundering, communication, and analysis. Demand for forensic accountants is high due to needs like investigating mergers and prosecuting economic crimes.
Forensic accounting involves using accounting skills to examine potential financial crimes or fraud. It utilizes accounting, auditing, and investigative skills to analyze a company's financial statements for use as evidence in court or litigation. Forensic accountants perform tasks like tracing funds, reviewing financial data, and preparing reports and testimony. They require skills in areas like detecting money laundering, communication, and analysis. Demand for forensic accountants is high due to needs like investigating mergers and prosecuting economic crimes.
utilizes accounting, auditing, and investigative skills to conduct an examination into a company's financial statements. Thus, providing an accounting analysis that is suitable for court. In India it is governed by the India Forensic, Pune Job Responsibilities Some responsibilities are:- Performing research to trace funds and identify assets for recovery Conduct research of financial data Preparation of accounting reports from financial findings Preparation of data for litigation and testification as needed Qualification Required Graduate Degree from recognized university Professional Experience of at least 3 years Pass the Certified Forensic Accounting Professionals which is the entrance exam with at least 75% marks in aggregate Skills Required Knowledge about White collar crime, Money Laundering, GAAP violation Excellent Writing & Testifying skills Interpersonal communication Verbal communication Analytical skills Integrity Objectivity Why Forensic Accounting? Demand of such professionals is high as compared to the supply Investigating mergers and acquisitions Specialized audits in other kinds of: Civil litigation support Economic crime investigation Tax investigation Terrorist investigation
Some Good Institutes The Institute of Chartered Accountants of India{ICAI}, New Delhi The Institute of Chartered Financial Analysts of India University{ICFAI}, West Tripura India Forensic, Pune