Financial reports and accounting policies are frequently susceptible to changes in accounting regulations, laws and procedures. Because financial reports represent image of the company in a certain time period, it is very important that the laws, procedures and regulations are comprehended, valued and used correctly. Otherwise, it would come to distortion of the real condition and image of the company, mistakes and, in the worst case, fraud. Frauds come in various forms, from theft of assets, information abuse, to income and expenses manipulation as well as computer frauds. Great corporative scandals that occurred about twenty years ago incited the development of the new profession – forensic accounting. Specialty of forensic accounting is that forensic accountants are trained for investigating, discovering and preventing any kind of frauds in the company. Forensic accountants are included in every sphere of business because of their specific knowledge and skills, which, other than accounting, also includes auditing, investigating and legal knowledge and skills. Profession of forensic accountant is acknowledged as the profession of the future, so there is a lot of diligence dedicated to their education. Lately, forensic accounting is significantly developing in the Republic of Croatia. Courses in forensic accounting and fraud investigations are being established on academic level, but also on the level of professional development educations and specializations. Professional organisations also carry a great role in expansion of this profession and organize various educations, seminars and obtaining certificates in that area.