Forensic accounting is also known as financial forensics or forensic accountancy which refers to a special area of expertise of accountancy in which engagements that are the outcome of anticipated or actual litigation or disputes are described. The meaning of forensic is “suitable for use in a court of law”, and the forensic accountants usually have to work to that potential and standard outcome. Forensic accountants are also known as investigative auditors and forensic auditors and they are often required at eventual trial to provide expert evidence. Specialist Forensic accounting departments are present in all the large accounting firms and also in many medium sized firms. A forensic accounting department may be further sub divided into various specializations, such as forensic accountants may specialize in personal injury claims, construction, insurance claims, royalty audits or fraud.