Question

What are the features of forensic accounting?

Answer 1

FORENSIC ACCOUNTING:
Forensic accounting, forensic accountancy or financial forensics is the specialty practice area of accounting that describes engagements that result from actual or anticipated disputes or litigation. "Forensic" means "suitable for use in a court of law", and it is to that standard and potential outcome that forensic accountants generally have to work. Forensic accountants, also referred to as forensic auditors or investigative auditors, often have to give expert evidence at the eventual trial. All of the larger accounting firms, as well as many medium-sized and boutique firms and various police and government agencies have specialist forensic accounting departments. Within these groups, there may be further sub-specializations: some forensic accountants may, for example, just specialize in insurance claims, personal injury claims, fraud, anti-money-laundering, construction,or royalty audits
FEATURES OF FORENSIC ACCOUNTING:
curiosity;
 persistence;
 detail-oriented;
 creativity;
discretion;
 skepticism;
 organization;
 confidence; and
 sound professional judgement.

A Forensic Accountant must be open to consider all alternatives, scrutinize the fine details and at the same time see the big picture.  In addition, a Forensic Accountant must be able to listen effectively and communicate clearly and concisely in a timely manner.