Forensic Accountant Law and Legal Definition
A forensic accountant refers to a person experienced in auditing, accounting; and investigators of legal and financial documents that are hired to look into possible suspicions of fraudulent activity within an entity. A Forensic Accountant uses forensic techniques to analyze financial evidence in matters that may come before courts.
The following are examples of case law on forensic accountant:
Forensic accountants are specialists in the financial and accounting angles to valuing businesses and calculating lost profits. [Leon v. Kelly, 2009 U.S. Dist. LEXIS 39010, 44-45 (D.N.M. 2009)].
A forensic accountant need not have experience in a particular industry in order to be admitted as an expert. [BL Dev. Corp. v. Masella (In re Masella), 2007 Bankr. LEXIS 2719 (Bankr. D. Conn. 2007)].