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forensic accounting

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Financial Dictionary

Forensic Accounting

Forensic Accounting utilizes accounting, auditing, and investigative skills to conduct an examination into a company's financial statements. Thus, providing an accounting analysis that is suitable for court.

Investopedia Commentary

Forensic accountants are trained to look beyond the numbers and deal with the business reality of a situation. They are frequently used in fraud cases.

Related Links

Off-Balance-Sheet Entities: The Good, The Bad And The Ugly
Cooking The Books 101

See also: Accounting, Cook the Books, Cookie Jar Accounting, GAAP, Voodoo Accounting

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