Description
INTRODUCTION
Forensic Accounting is a new specialization in the Accounting system occasioned by the alarming increase in the level of fraud in organisations within the past years. Forensic Accounting is the integration of accounting, auditing and special investigating skills. The goals of Forensic Accounting are to uncover the paper trail left by a fraudulent activities and prepare the investigation prior to presenting it to a court of law. Forensic Accountants are trained to examine financial statements and analyze the reality of organisational situations. The ranks of Forensic Accountants are usually obtained by former law enforcement officers, who know how to integrate their investigative skills to business dealings. In future, Forensic Accountants are expected to be retained in many public and private organisations including government agencies to analyse, interpret and summarize financial issues and situations in a stable and supportive manner. Forensic Accountants may be involved in the analysis and investigation of financial statements, management of fraud, development of computerised application to perform analysis, testify in court as an expert witness. Forensic Accounting is distinguished by its claim to an ability to deliver unique, specialised and restricted services to the public.