This document discusses forensic accounting and its importance in modern times. It provides an overview of forensic accounting, noting that it has existed for 200 years but its importance has grown with increased financial fraud and accounting scandals. It describes forensic accounting as encompassing both litigation support, such as calculating economic damages, and investigative accounting, like investigating employee theft. The document also outlines the typical processes involved in a forensic accounting investigation and some common scenarios where forensic accountants are retained.