I¡¯ve been reading more about
forensic accounting and auditing, and I¡¯m curious about how widely it¡¯s used in real-world investigations. From what I understand, it combines accounting skills with investigative techniques to uncover financial fraud, embezzlement, and financial manipulation.
Do organizations usually hire specialists in forensic accounting and auditing only after a problem occurs, or do some companies use it proactively to prevent fraud? I¡¯m also wondering how effective these methods are in court when financial evidence is presented.