Forensic accounting is application of accounting principles and methods in crime solving and in litigation. Examples are fraud investigation and various calculations used in family and civil litigation (division of property, calculation of support, damages, lost profits, business valuations, etc.).
FORENSIC ACCOUNTANTS SUPPORT BETTER OUTCOMES IN DIVORCE PROCEEDINGS
Divorce litigation is an emotional adversarial process where each side must be able to advance convincing arguments in support of their positions. When it comes to financial issues, the argument can be very technical and require an expert’s involvement for the parties, their attorneys, and the court to understand available solutions for the couple’s financial issues.