Forensic accounting is a specialized field that applies accounting skills to investigate financial discrepancies, fraud, or disputes, often for legal purposes. This meticulous process involves a detailed examination of financial records and transactions to uncover potential misconduct or irregularities that may affect stakeholders.
Forensic accountants use their expertise to analyze complex financial data, providing insights that can be critical in legal cases, corporate investigations, or regulatory compliance. Their work often involves gathering evidence, preparing reports, and presenting findings in court, making them valuable assets in legal disputes.