1 1 01 Introduction to Forensic Accounting and

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01 Introduction to Forensic Accounting and Fraud Examination Mc. Graw-Hill/Irwin 1 -2 Copyright © 2012 by The Mc. Graw-Hill Companies, Inc. All rights reserved.

Forensic Accounting What Is Forensic Accounting? l Forensic accounting is the application of investigative and analytical skills for the purpose of resolving financial issues in a manner that meets standards required by courts of law. l The Forensic Accountant l Forensic accountants apply special skills in accounting, auditing, finance, quantitative methods, certain areas of the law, research, and investigative skills to collect, analyze, and evaluate evidential matter and to interpret and communicate findings. 1 -3

The Forensic Accounting Profession l Knowledge and Skills of the Forensic Accountant l Auditing, investigative, and communication skills; criminology; legal; psychology; IT; and Accounting l Opportunities in Forensic Accounting l Fraud prevention and investigation, litigation support, computer forensics l Forensic Accounting Organizations l Association of Certified Fraud Examiners, the American College of Forensic Examiners, the Association of Certified Fraud Specialists, the National Association of Certified Valuation Analysts, the National Litigation Support Services Association, the Institute of Business Appraisers, and the American Institute of Certified Public Accountants. 1 -4