A specialty practice area of accounting that investigates whether firms or their employees engaged in financial reporting misconduct, applying accounting, auditing and investigative skill to disputes and litigation. Frank Wilson's investigation of Al Capone's tax evasion in the 1930s is commonly cited as an early landmark of the field, though it was not formally defined until the 1940s. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
Facts
What It ExaminesSourced to the subject's own accountWhether an organization or its employees engaged in financial reporting fraud or workplace misconduct, using accounting, auditing and investigative technique in a form litigation can use. 1 Known LimitationSourced to the subject's own accountFindings depend on the availability and completeness of financial records, and sophisticated concealment techniques can evade detection. 1 Disputed
Formalized YearSourced to the subject's own account1931 marks Frank Wilson's investigation of Al Capone's tax evasion, commonly cited as an early landmark; the discipline itself was not formally defined until the 1940s, so no single founding year is settled. Discipline
Discipline (category)Sourced to the subject's own account Connections
Associated With
Forensic accounting is the principal investigative discipline used against white collar and corporate financial crime.
Source Wikipedia: Forensic Accounting
Examines Within
Pioneered By
Source Wikipedia: Forensic Accounting
Sources
1. Wikipedia: Forensic Accounting
Introduction
specialty practice area of accounting that investigates whether firms engage in financial reporting misconduct.
- History section
View the SourceReader Challenges (0)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.