Spotlight on forensic accountants - Business - Jamaica Gleaner - Sunday | December 30, 2012

Spotlight on forensic accountants - Business - Jamaica Gleaner - Sunday | December 30, 2012: "Every now and then, a high profile matter, such as the JDIP debate, casts forensic accounting at the forefront of the public's interest.

In the interest of simplicity, forensic accounting can be seen basically as the integration of accounting, auditing and investigative skills in order to provide an accounting analysis suitable for the resolution of disputes (usually, but not exclusively) in the courts.

It is a highly specialised area of auditing.

Although criminal matters dominate the use of forensic accounting, the 'litigation support' provided by this branch of 'investigative accounting' has proven invaluable in facilitating the discussion, debate and ultimate dispute resolution required in civil litigation.

For those who require more technical definitions, forensic accounting, according to Jack Bologna and Robert J. Lindquist, is the "application of financial skills and an investigative mentality to unresolved issues, conducted within the context of the rules of evidence. As a discipline, it encompasses financial expertise, fraud knowledge, and a strong knowledge and understanding of business reality and the working of the legal system"."

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