Forensic accountants perform a variety of tasks, including:
1. Investigating Fraud and Embezzlement: They analyze complex financial records to identify signs of fraud or embezzlement, which can involve tracing hidden assets or uncovering falsified documents. 2. Litigation Support: They provide expert testimony in court cases involving financial disputes, offering evidence and professional opinions to support the legal process. 3. Business Valuations: Forensic accountants conduct valuations of businesses for mergers, acquisitions, or legal disputes to determine the fair market value. 4. Risk Management: They help businesses implement internal controls and risk management strategies to prevent financial misconduct.