functions of the forensic accountants
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Explanation:
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The primary role of a forensic accountant is to assist in preparing financial evidence and analysis for court against criminal activity. Firstly, there's an element of investigation, and another element of providing review and consultancy in court.
Expert witness
Forensic accountants are one of the very few finance professionals that can act as expert witnesses especially in matters that involves figure. To be able to act as an expert witness, one need to understand the rudiments of gathering and handling evidence in such a way that its credibility is not questioned in the court of law.
Investigation of fraudulent activities
Forensic accountants are called in whenever there is suspicion of fraud in an organizational setting.
Determining if fraud actually occurred
Most times, business managers and owners raise false alarm regarding the occurrence of fraud. Forensic accountants are called in to determine if fraud actually took place or not.