Study Of Forensic Accounting Applications

Forensic Accounting is an emerging interdisciplinary discipline combining Accounting and Law. It forms in its particular social environment and economic background. It is not only different from the conventional general accounting, but also different from the general government audit, independent audit and internal audit. It is a special accounting which lies between accounting and audit and extends into the judicial field. Nowadays in China, it possesses a large market potential. With the deepening of China's economic progress, the economic environment and economic relations will become even more complicated; there then will be significant changes arising in the forms of economic disputes and civil litigation, and the content and means of corporate fraud; thus the accounting field and the area of law will no longer be separated distinguishably but become intricate and complex instead, which will result in requiring higher professional quality of the relevant judicial staff and auditors, and moreover, will challenge those professionals'one-fold knowledge structure. However, the emergence of forensic accountants who bear manifold knowledge and comprehensive professional quality will undoubtedly be capable of solving burning problems just like being given a timely help.At present, China's research on forensic accounting is still in its infancy. Its practice lacks of theoretical support and there are difficulties in the process of specific application. Considering this, the paper chooses the United States, Canada, and Australia whose forensic accounting application is in the lead as the standard. From the angles of theoretical research, personnel support, practical application and institutional building respectively, this paper enumerates current problems existing in the development of forensic accounting systematically and roundly by combining with China's specific environment which includes the economic environment, legal environment and the demand environment. It also analyzes the necessity and the feasibility of applying forensic accounting to our country and the existence of various problems. And it finally puts forward reasonable and practical proposals in order to feasibly strengthen the theoretical research on forensic accounting and promote the practice of forensic accounting.