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ARTICLE · 23 SEPTEMBER 2021

What is forensic accounting?

Forensic accountants are often engaged to quantify damage or loss suffered because of the actions of another party.

AustraliaAccounting and Audit

In plain English, the term "forensic" means "relating to court". As such, the term "forensic" is regularly applied to multiple professional disciplines such as forensic accountants, forensic psychologists, or forensic crime scene investigators. As forensic specialists, we apply the investigation skills associated with our chosen field to help the Courts resolve legal disputes and crimes.

As forensic accountants, we typically apply our skills, experience, and expertise in a litigation context involving questions of an accounting, financial or commercial nature. Typically, many people associate forensic accountants with solving crimes involving fraud and embezzlement; however, investigating white-collar crime is just one component of the broad suite of services offered by forensic accountants.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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