Forensic accountants use accounting, auditing, and investigative skills to understand whether a person or company has committed financial misconduct, such as embezzlement or fraud. Forensic accounting involves following money trails to determine whether transactions have been made legally or illegally. Modern businesses may encounter cleverly masked fraudulent activity when they go through their books, but only when forensic accountants uncover such evidence.
Forensic accountants are often called upon by insurance company, banks, other companies, etc to investigate specific suspicions of fraudulent activity, or they can sometimes be brought on as a preventative measure.

The growing complexity in world businesses necessitates the need for constantly growing specialism in accounting such as forensic accounting. Forensic accounting’s importance in the modern world is expanding exponentially year on year. The rapid growth of forensic accounting is due to the increasing emergence of new businesses and enterprises being set up every year

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