Forensic accounting is a specialty
practice area of accounting that describes engagements resulting from
the current, past or future disputes or litigations. There are two
basic practice areas under the forensic accounting - Investigative
accounting which also covers fraud investigation and the litigation
support which requires skills from valuation to technology assessment.
When Maurice Paulobet coined this term he had three skill sets in his
mind - Accounting, Auditing and Investigation Techniques.
But in spite of being such a speciality
area the awareness level about the forensic accounting is very low.
These specialists are paid anywhere between $600- $1000 per hour in
USA in the Post SOX arena.
Important Note: University of Wollongong
has launched world's first Masters program in Forensic Accounting
Program. Interested candidates may write us at
education@indiaforensic.com