Forensic Accounting and Investigation Forensic accounting involves the application of accounting, auditing, and investigative skills to detect

Fantastic news! We've Found the answer you've been seeking!

Question:

Forensic Accounting and Investigation

Forensic accounting involves the application of accounting, auditing, and investigative skills to detect and prevent financial fraud, misappropriation, and other financial irregularities. Forensic accountants are often called upon to investigate financial discrepancies, provide litigation support, and present findings in legal proceedings. These professionals analyze financial records, transactions, and statements to uncover evidence of fraudulent activities, helping organizations and legal authorities in resolving financial disputes and ensuring accountability.

Objective Type Question:

What is the primary purpose of forensic accounting?

A) Enhancing financial reporting accuracy B) Detecting and preventing financial fraud C) Improving internal control systems D) Maximizing shareholder value