Severance pay is a payment made by the employer when the employee is separated from the job. severance pay was not used to determine a workerâs eligibility for unemployment benefits. benefits. payable in the weeks to which the severance payment is allocated or distributed.
forensic accounting. Definition. A method of accounting that deals with financial procedures that have been challenged or charged as illegal. One example of forensic accounting is examining insurance fraud claims. Related Terms.
what is forensic accounting (and other faqâs). Forensic accounting is the specialty practice area of accountancy, which describes matters that result from actual or anticipated disputes or litigation.âForensicâ means âsuitable for use in a court of lawâ, and it is to that standard and potential outcome that forensic accountants generally have to work.hat is forensic accounting (and other faqâs). Forensic accounting is the specialty practice area of accountancy, which describes matters that result from actual or anticipated disputes or litigation.