Forensic Accounting
Definition of Forensic Accounting Hierarchical Category as it relates to Finance
Forensic Accounting refers to the specialized practice area of accounting that involves investigations of financial discrepancies and fraudulent activities. Using various auditing and investigative techniques, forensic accountants scrutinize financial records to resolve allegations of fraud, embezzlement, money laundering, or to assist in resolving disputes related to finances. This field combines the knowledge of finance, accounting, law, and investigation. It plays a crucial role in legal cases and is commonly used in litigation support, dispute resolution, and investigative auditing.
Child Hierarchical Categories
Accountancy
Asset Management
Auditing
Bankruptcy
Budget Management
Business Analysis
Business Valuation
Compliance
Corporate Finance
Corporate Governance
Cost Accounting
Criminal Investigation
Dispute Resolution
Economic Analysis
Economic Damages
Financial Accounting
Financial Analysis
Financial Crime
Financial Forensics
Financial Fraud
Financial Intelligence
Financial Management
Financial Planning
Financial Reporting
Forensic Auditing
Fraud Detection
Fraud Investigation
Information Technology Audit
Insolvency
Insurance Claims
Internal Controls
Litigation Support
Managerial Accounting
Money Laundering
Risk Management
Taxation