Fraud examination, forensic accounting, and litigation support activities can expose the traditional accountant to more risk than consulting engagements and, possibly, to more liability than traditional auditors.

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Fraud examination, forensic accounting, and litigation support activities involve investigating and analyzing financial transactions and statements, which may uncover fraudulent activities and errors. This exposes the accountant to more risk and potential liability than consulting engagements or traditional auditing, where the scope of work may be narrower and the focus is on providing recommendations rather than identifying and correcting specific issues.

Fraud Examination, Forensic Accounting, and Litigation Support Activities Can Expose