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 a Forensic Accountant? âForensic accountants inhabit a cloak and dagger corner of the accounting world. Their job: respond at a momentâs notice when a client spots trouble â anything from procurement fraud to a top executive cooking the books to industrial espionage.â. â Justin Pope, Associated Press.