Forensic accounting require an understanding of economic theories, business information, financial reporting systems, accounting and auditing standards and procedures, data management & electronic discovery, data analysis techniques for fraud detection, evidence gathering and investigative techniques, and litigation processes and procedures to perform their work.

This process can employ one or more of the following techniques: Review of Public records, Background investigations, Interviews of knowledgeable parties, Analysis of Real evidence to identify possible Forgery and/or document alterations, Surveillance and inspection of business premises, Analysis of individual Financial transactions or statements, and Review of Business records to identify fictitious vendors, employees, and/or business activities.

Forensic accountants are also increasingly playing more proactive risk reduction roles by designing and performing extended procedures as part of the statutory audit, acting as advisers to audit committees, fraud deterrence engagements, and assisting in investment analyst research.