What is the technical meaning of the term fund in governmental accounting?

A fund is an accounting entity with a self-balancing set of accounts that is used to record financial resources and liabilities, as well as operating activities, and which is segregated in order to carry on certain activities or attain targeted objectives. A fund is not a separate legal entity.

What does a forensic accountant do?

A forensic accountant uses accounting and analytical skills to investigate financial transactions of a person or business. They are often relied upon as experts in legal cases that deal with financial fraud or embezzlement.

What are examples of forensic accounting?

A forensic accountant can help discover whether a crime occurred and if criminal intent was likely. Some examples of when this could be used are securities fraud, money laundering, identify theft, insurance fraud, employee theft or falsification of financial statement information.