Forensic Accounting: The Intersection of Law and Accounting
DOI:
https://doi.org/10.24203/h6gz9r42Keywords:
Legal, accounting, auditing, business, investigation, forensicsAbstract
Forensic accounting plays a crucial role in legal proceedings, particularly in cases of financial crime and complex financial transactions. Forensic accountants work alongside legal professionals to investigate financial misconduct, provide expert opinions and testimony, and assist in settlement negotiations and dispute resolution processes. With the increasing complexity of financial transactions and the rise of financial crime, forensic accounting is becoming more important in the legal field. Forensic accountants can also assist in due diligence investigations, bankruptcy proceedings, and the assessment of damages and financial risk. By providing valuable information and analysis, forensic accountants help legal professionals build stronger cases and improve the integrity of financial reporting.
Forensic accounting can assist legal professionals in various areas such as fraud investigations, business valuation, intellectual property disputes, breach of contract and shareholder disputes. They can also assist in bankruptcy and insolvency proceedings, assess damages and analyze financial records and transactions to uncover potential evidence.
References
American Institute of Certified Public Accountants (2021). Forensic accounting. Retrieved from https://www.aicpa.org/content/dam/aicpa/research-and-standards/audit-assurance/forensic-accounting/forensic-accounting-practice-aid.pdf
Kranacher, M. J., Riley, R. A., & Wells, J. T. (2011). Forensic accounting and fraud examination. John Wiley & Sons.
Silverstone, H., & Sheetz, M. (2011). Forensic accounting and fraud investigation for non-experts. John Wiley & Sons.
Association of Certified Fraud Examiners (ACFE). (n.d.). Forensic accounting. Retrieved from https://www.acfe.com/forensic-accounting.aspx
Golden, T. W., Skalak, S. L., & Clayton, M. M. (2010). A guide to forensic accounting investigation. John Wiley & Sons.
Bologna, J. C., & Lindquist, R. J. (2017). Forensic accounting and financial fraud in Nigeria. Journal of Financial Crime, 24(4), 509-520.
Hopwood, W. S., Leiner, J., & Young, G. R. (2015). Forensic accounting. McGraw-Hill Education.
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