The first step involved in investigative accounting is preparation. A good forensic accountant will start with the end in mind and will create a master plan to help guide his or her research and analysis.
What is the process of forensic accounting?
The kind of involvement is referred to as forensic accounting. It involves the entire process of conducting a forensic investigation, which includes writing a report or witness statement and even testifying as an expert witness in court.
What is the most important thing that a forensic accountant does?
To ascertain where lost money has gone and how to recover it, forensic accountants analyze data. When they testify as expert witnesses at hearings, they may also provide reports of their financial findings as evidence.
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