Forensic accounting is a highly specialized field that combines investigative skills with accounting expertise. A forensic accountant identifies, retrieves and examines financial data; analyzes and dissects complex corporate, governmental and individual financial and accounting issues; and summarizes the findings for application to a legal issue. A forensic accountant is typically retained by corporations, governmental entities or individuals through their attorney in matters involving complex accounting, financial issues and fraud investigations and may be called upon to present and defend case findings in court as an expert witness.

Forensic accounting has many practical applications. The data it reveals will often bring to light important facts and evidence affecting the financial success and economic stability of a company, governmental entity, corporate structure, market or individual.