What is Forensic Accounting?
Forensic accounting is the application of accounting, auditing, and investigative skills to detect fraud, financial misconduct, and disputes. Findings are often used in litigation or regulatory proceedings.
How It Works
- Investigate transactions and reconstruct records.
- Identify red flags, anomalies, and intent.
- Produce evidence-grade reports suitable for court or regulators.
Saudi Context
Saudi courts and regulators (Anti-Corruption Authority Nazaha, CMA, ZATCA) rely on SOCPA-licensed forensic experts in fraud, market abuse, and tax evasion cases.
Example
A Saudi forensic accountant traces SAR 12 million in fictitious invoices through related parties and prepares a report supporting a Nazaha investigation.