What role does forensic accounting knowledge have for lawyers?

After accepting the entrustment, forensic accountants first need to help lawyers formulate litigation strategies. The accurate positioning of litigation strategy is the key first step for the parties to win in the whole litigation. Forensic accountants usually play an irreplaceable role in the formulation of litigation strategies involving accounting affairs. In order to protect their own interests in the process of litigation, litigants can hire forensic accountants to help them formulate litigation strategies. Forensic accounting can help lawyers analyze the weaknesses of accounting information from the accounting point of view, evaluate the facts that are beneficial to the parties, then formulate the most effective litigation strategy, and finally strive for the greatest litigation success rate, and can predict and evaluate how much economic compensation they can get after winning the lawsuit, laying a good foundation for the prosecution and acceptance of the whole case.

Problems that should be paid attention to in forensic accounting

Forensic accounting is an interdisciplinary subject with mutual penetration of accounting and law, which is produced to meet the needs of the development of market economy. Forensic accounting uses accounting knowledge to deal with legal issues in economic matters, provides effective relevant evidence to the court, and safeguards the interests of enterprises. In the capital market, the problem of corporate legal responsibility is increasingly prominent, and forensic accounting plays an increasingly important role in the management of state-owned enterprises and is widely used.

forensic accounting is different from general accounting and auditing, and it is still in its infancy in China. With the development of China's market economy, forensic accounting plays an increasingly important role and has broad market prospects. We should speed up the theoretical and practical research of forensic accounting, train more forensic accounting talents and escort enterprises.