Traditional Accounting and Forensic Accounting

Some of the very common differences between Traditional Accounting and Forensic Accounting are:
1. Traditional Accounting is limited to preparing and tallying the accounts whereas Forensic Accounting goes beyond just numbers and ensures its validity.
2. Forensic Accounting is more investigative in nature which can be attained only through
massive experience.
3. Traditional Accounting looks whether accounts are made on the basis of GAAS, GAAP etc.
whereas Forensic Accountant uses physical evidence, testimonial evidence, documents etc.
for identifying the suspects and culprits.
4. Forensic Accountant can use any type of information like documentary paper, computer
video or audio if needed to interpret and present it.
5. Forensic Accountant may be asked to serve as an expert witness for a law suit or criminal case.


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