Forensic accountants work on loss quantification, expert opinions in commercial disputes, shareholder disputes and fraud investigations. Their work must be usable in court, traceable and impartial.
Related terms
Fraud investigationA special investigation carried out to establish a suspected irregularity or allegation of fraud with evidence, and to determine its extent and the loss.Occupational fraudDeceptive acts carried out knowingly to obtain an unjust or illegal benefit; misappropriation of assets and fraudulent financial reporting are its main types.Compliance auditAn examination of whether an organisation's activities are carried out in accordance with the relevant laws, regulations, contracts or internal rules.Compliance officerThe authorised person responsible for running the compliance programme for the prevention of money laundering and terrorist financing at an obliged entity.Compliance programmeThe full set of policies, procedures, controls, training and monitoring activities an organisation puts in place to ensure compliance with laws and internal policies.COSOThe organisation that publishes the most widely accepted frameworks for internal control and enterprise risk management, and the general name for those frameworks.
Last updated: October 22, 2026 · This definition is for general information only.