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.
Forensic auditing is also known as forensic accounting. A forensic auditor is a Certified Public Accountant (CPA) who uses special techniques to detect or prevent certain types of crime for businesses and government agencies. Learn more about forensic auditing and what it takes to become a forensic auditor.