Forensic accounting, forensic accountancy or financial forensics is the specialty practice area of accounting that investigates whether firms engage in financial reporting misconduct. Forensic accountants apply a range of skills and methods to determine whether there has been financial reporting misconduct. Financial forensic engagements may fall into several categories. For example:
Economic damages calculations, whether suffered through tort or breach of contract.
Post-acquisition disputes such as earnouts or breaches of warranties
Bankruptcy, insolvency and reorganization
Securities and tax fraud
Money laundering
Business valuation
Computer forensics/e-discovery
This session is designed to delve into further investigative procedures used including digital forensics. Future sessions will focus on computer forensics, network forensics and mobile forensics.