Authors :
Mst. Afroja Aktar
Volume/Issue :
Volume 7 - 2022, Issue 8 - August
Google Scholar :
https://bit.ly/3IIfn9N
Scribd :
https://bit.ly/3BhiZPo
DOI :
https://doi.org/10.5281/zenodo.7055777
Abstract :
The specialty practice area of accounting
known as "forensic accounting" deals with engagements
that come up as a result of ongoing or impending legal
proceedings or anticipated disputes. It gives the court a
credible accounting analysis that will serve as the starting
point for discussion, debate, and ultimately conflict
resolution. In general, "forensic" is about fact-finding
and interpretation, yet it is unquestionably perfect for
court testifying. The demand for forensic accounting has
increased due to the rise in fraud and fraudulent activities
in Bangladesh and throughout the world. In criminal
cases, forensic accountants are frequently called upon
after fraud has occurred. Because the forensic accountant
has the innate ability to detect fraud, fraud examination
in forensic accounting differs from that of “traditional
accounting."
The purpose of this article is to describe how forensic
accounting is used in fraud investigations and lawsuit
assistance, as well as to make recommendations that, in
theory, will raise public understanding of the significance
of this branch of accounting.
Keywords :
Forensic Accounting, Fraud Investigation, Litigation Support
The specialty practice area of accounting
known as "forensic accounting" deals with engagements
that come up as a result of ongoing or impending legal
proceedings or anticipated disputes. It gives the court a
credible accounting analysis that will serve as the starting
point for discussion, debate, and ultimately conflict
resolution. In general, "forensic" is about fact-finding
and interpretation, yet it is unquestionably perfect for
court testifying. The demand for forensic accounting has
increased due to the rise in fraud and fraudulent activities
in Bangladesh and throughout the world. In criminal
cases, forensic accountants are frequently called upon
after fraud has occurred. Because the forensic accountant
has the innate ability to detect fraud, fraud examination
in forensic accounting differs from that of “traditional
accounting."
The purpose of this article is to describe how forensic
accounting is used in fraud investigations and lawsuit
assistance, as well as to make recommendations that, in
theory, will raise public understanding of the significance
of this branch of accounting.
Keywords :
Forensic Accounting, Fraud Investigation, Litigation Support