How Does Forensic Accounting Work?
The main difference between normal accounting and forensic accounting is that the forensic accountant uses legal methods to identify whether the transaction of the company is legal or not. Forensic accountants can also submit their findings in court and they can act as experts in these kinds of investigation. In this, the accountants audit the books of the accounts of the company to find whether there is any type of fraud committed in the company or not. These accountants can ask the company to submit their entire books and can analyze all of them. The company cannot restrict themselves from checking their accounts as it is requested either by the board of the company or by the government. These accountants or firms use scientific techniques to analyze the books as the number of transactions they have to analyze is very big. They submit their finding to the government or the board of the company and their finding are accepted as expert evidence in the court.