In the article, " Forensic Accounting and Fraud Examiner – An Inquiry," Narayanan (2020) introduces the discipline of forensic accounting and its significance in accounting. Its services involve investigative skills and knowledge to interpret information for use in legal and administrative contexts. He defines discipline as the examination and investigation of accounting statements to resolve financial issues legally. Forensic accountants (FA) often assemble evidence for litigation related to insolvency, fraud, skimming, insurance claims, divorces, embezzlement, and any financial theft. The researcher has also brought out fraud as the number one enemy for business development. Thus, the discipline entails accounting, auditing, analyzing, investigating, and detecting (AAAID).
Fraud examination is a practical reference that is to detect, prevent, and investigate the possible fraud in a business (Narayanan, 2020). It builds an environment than minimizes fraud. Additionally, it tries to explain and describe many indicators of fraud that help in detecting it earlier. The processes of investment fraud include document examination and interviewing technique, after which a FA writes a fraud report. The legal environment is essential in that it supports the presented litigations (Narayanan, 2020).
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Forensic accounting and fraud examination are two different but intertwined disciplines. FAs conduct forensics while anticipating litigation. Accountants also perform fraud examination by referring commonly to anti-fraud matters, thus purposing to prevent and deter fraud.
Reference
Narayanan, H. (2020). Forensic accounting and fraud examiner–an inquiry. Retrieved from https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjKp9TzjrvrAhUk4YUKHZ3VBSoQFjAPegQIARAB&url=https%3A%2F%2Fwww.researchgate.net%2Fpublication%2F342533616_FORENSIC_ACCOUNTING_AND_FRAUD_EXAMINER_-_AN_INQUIRY&usg=AOvVaw3UBiZA8D5YKj1NExVu0cuc
