A forensic accountant is hired to provide a valuation for losses and
serve as an expert witness in court to support the findings. Forensic
accountants are expected to allow room for the process to be
identified, explained, and verify the financial data when they are
valuing a business. The forensic accountant is to process and
determine the economic value of the business. A forensic accountant
would demonstrate professional care, objectivity, and integrity in
performance of the engagement by speaking professional, in an
authoritative manner and with confidence, by dressing and acting
professional. The forensic accountant can demonstrate integrity by
telling the truth and not taking any one side. Sometimes when I watch
police officer shows and I see the detectives testifying it appears that
they take a side, and they alter their comments. They still tell the truth
but they bend the truth a little bit. The forensic accountant can
demonstrate their integrity by making sure that they tell the truth and
not try to take sides. Going along with their gut instincts and keeping
their morals and values.
The forensic accountant will be impacted in the ability to obtain
sufficient evidence or data to support his or her opinion by
researching the evidence and testifying about it truthfully. Making
sure that all the evidence is collected accurately and bagged
properly. Being professional will also help with the outlook of
testifying. “Forensic accounting is commonly associated with
criminal investigations and other legal proceedings. After all, it
was forensic accountant Frank Wilson who uncovered evidence
that helped bring down Al Capone for tax evasion. And the
“forensic” part of “forensic accounting” does signify the
application of scientific methods and analytical techniques in a
manner suitable for use in a court of law” (Shapiro, 2015).
REFERENCES
Shapiro, D. (2015). Forensic Accounting: Beyond the Courtroom.
Retrieved from:
https://sfmagazine.com/articles/2015/september/forensic-accounting-
beyond-the-courtroom/
