Q: What is meant by the terms “forensic accounting” and “fraud audit”?

A:These terms are normally synonymous and are interchangeable. Just as the popular television series CSI investigator is specially trained to investigate the crime of murder answering the questions of who, when, how and why, the CFE has special unique training in the area of fraud investigations to determine whether the crime of financial fraud was committed and if so: who committed the fraud, how the fraud was perpetrated, the extent and effect of the fraud, who else was involved, and the proper course of action including what to do in order to prevent and detect fraud in the future.