Forensic Accounting: A Primer

If you have no accounting education or knowledge then perhaps you will have no option than to hire an in-house accountant to take care of the accounting needs of your business or better still outsource your accounting processes.

Accounting outsourcing consists of the hiring of an independent accountant or accounting firm to take care of the accounting needs of your business such as balancing of your account books, etc.

Accounting Outsourcing - Should You Hire In-House or Outsource Accounting?

Essentially, any accountant can be a forensic accountant.

But don't let this give you the assumption that forensic accounting is easy.

The job of a forensic accountant is painstaking work. In forensic accounting, the investigator will have to comb through every detail and every receipt, looking for evidence of fraud.

But forensic accounting is not only a post-mortem process. Some companies who already suspect fraud or similar criminal behaviour often hire forensic accountants to investigate. Forensic accountants definitely play an important role in fund recovery.