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Forensic Accounting: What it actually means?
Forensic accounting applies investigative techniques to financial information to identify fraud, misappropriation, regulatory breaches or simply to reconstruct the truth in a dispute. Assignments typically involve analysing bank records, invoices, ledgers and emails, testing internal controls, interviewing staff and quantifying losses or unjust enrichment. Reports must be evidence-based, clearly sourced and suitable for use in litigation or arbitration. Organisations use forensic accountants when numbers don’t reconcile, when whistleblowing occurs, or when regulators request explanations. The value is in establishing facts quickly and credibly so management and lawyers can act.
