Friday, July 24, 2009

Issues in forensic accounting.

Investigation accounting.
This involves the forensic accounting reporting in a wide range of matters, such as the reasons for the collapse of a company,alleged fraud by an employer, insurance claims and equity matter such as insider trading.
Litigation support consulting.
This is an aspect of forensic accounting where financial information is subject to critical analysis for possible wrongful actions in legal proceedings. It may involve the forensic accountant being engaged by a lawyer to make an assessment of financial loss for damages claim arising out. for example,a breach of contract, negligence, personal injury, expropriation,loss of profit and matrimonial disputes.

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