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Forensic Accounting Defined
Forensic accounting is the use of professional accounting skills in matters involving potential or actual civil or criminal litigation, including, but not limited to, generally acceptable accounting and audit principles; the determination of lost profits, income, assets, or damages; evaluation of internal controls; fraud; and any other matter involving accounting expertise in the legal system.

The word "forensic" is defined by Black's Law Dictionary as "used in or suitable to courts of law or public debate." Therefore, "forensic accounting" is actually litigation support involving accounting.

Fraud examinations will generally fall under the category of forensic accounting because the majority of examinations, investigations, and reports involving fraud are all done with "an eye toward litigation." In other words, fraud examiners are taught to conduct their examination with the assumption that the case may end in litigation.

Forensic Accounting Protection
In today's economic climate, who will help you protect yourself, your company, or your clients from the devastating impact of fraud? Fraud can creep into your life or business in a number of ways. You may find you need an objective expert to deter potential problems, investigate allegations, or provide resolution.

According to the Association of Certified Fraud Examiner's 2008 Report to the Nation, it is estimated that U.S. organizations lose an estimated 7% of its revenues due to fraud. The fraudsters are generally first-time offenders and hold positions that have a high level of trust. You can read the entire 2008 Report to the Nation here: http://www.acfe.com/documents/2008-rttn.pdf

Sweetser Forensic Accounting, LLC understands the stressfulness of these types of situations. We ensure that each case receives quality, personal attention that is treated with sensitivity, confidentiality, and respect to all parties involved.