Unit 7 Discussion Part 1
letdueDiscussion topic 1: Your Professional Role
According to the Association of Certified Fraud Examiners, forensic accounting involves litigation support that may be used in a court of law. Among the activities forensic accountants may be involved in are the recovery of funds, locating assets, taking on the role of the expert witness, performing business valuations, and assisting companies in implementing fraud prevention/detection programs.
You are assisting an attorney in a divorce case. The husband and wife own a business together and have significant assets.
- What type of assistance could you give the attorney in this case? Be sure to explain the type of support you would provide in detail.
- What information would you need if you were to perform a business valuation?
- What would be your role as expert witness if called in this case?
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