What is forensic accounting?

Forensic accounting, generally defined as the application of accounting principles, theories, and disciplines to facts or hypotheses at issue in a legal dispute, encompasses every branch of accounting knowledge. Forensic accounting has two major components:

Litigation services
» Expert witness
» Non-testifying / consulting services

Investigative accounting
» Fraud investigations
» Fraud examinations
» Fraud deterrence
» Fraud detection
» Fraud scheme