One of the fastest growing specializations is forensic accounting. This is a direct result of the increase in fraud and compliance requirements. Forensic accounting is a combination of accounting, audits and investigation.
Forensic accounting uses these skills to perform an extensive examination into the financial records of a company. This examination is precisely complete and through enough to stand in court as evidence in legal proceedings. Forensic accountants may be called to testify in court as an expert witness.
Companies, as do individuals seek the services of forensic accountants for litigation support, dispute resolution and investigative accounting. Forensic accountants also may be utilized during the process of mergers and acquisitions to carry out the in-depth look at the financial health of the companies involved.