Define Forensic Accounting

question 49

Essay

Define forensic accounting.

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Definitions:

Competency

The combination of knowledge, skills, and behaviors that is required for effective performance in a given role or job.

Collective Learning

The process by which a group acquires knowledge and skills through shared experiences, leading to improvement in performance or understanding.

Outsourcing

The business practice of hiring external parties to perform services or create goods that traditionally were performed in-house by the company's own staff.

Standards of Service

Benchmarks set by an organization to measure the quality of service delivered to its customers, ensuring consistency and satisfaction.