There are many types of accounting. One of the easiest to find and at the same time one of the most important is tax accounting, which is essential for your business. However, today we are going to talk about this type of accountant which is known as forensic accountant.
If you have watched CSI: Miami then you have an idea on what a forensic is. But what is a forensic accountant? They are also called investigation accountants and by using this term it’s a lot easier to understand their role in the world of accounting. If there’s a crime like fraud then they are who will take care of the investigations, in order to dive very deep into registers and find all things related to such crime.
But if we had to give a proper definition then we have to name three different elements:
If an accountant has all these elements then he’s considered a forensic accountant. He has a critical role in many cases, because he’s the only qualified to investigate crimes like frauds. They have to be very well prepared, because most investigations require a lot of expertise and plenty of experience.
That’s why forensic accountants are kind of hard to find. Because they have to undergo a special preparation and ton of tests in order to become a certified forensic accountant. They have to provide clear information about the case to a courtroom setting. But in order for this to happen he has to conduct a very deep investigation which will allow to obtain this kind of information.
This has been all for this article. Forensic accountants are very important in our society, they are the only persons who are qualified to investigate crimes related to financial malpractices.