Which of the following is NOT a typical responsibility of a Managerial Accountant?

A Managerial Accountant plays a crucial role in an organization by providing valuable insights to aid in internal decision-making. One of their typical responsibilities is preparing budgets, which involves forecasting future financial performance and allocating resources accordingly. This task is essential for effective financial planning and management within a company.

Investigating the feasibility of new products is also within the purview of managerial accountants. They assess the potential profitability and financial viability of new initiatives, helping organizations make informed decisions about product development and market entry.

Analyzing financial information is another core duty of a managerial accountant. This involves interpreting financial data to identify trends, patterns, and issues that can influence business strategy and operations.

In contrast, conducting forensic audits is not a typical responsibility of a managerial accountant. Forensic audits are usually carried out by auditors specializing in investigating financial discrepancies, fraud, and other irregularities, often for legal purposes. These operations focus on external compliance and investigative measures rather than the internal managerial functions that managerial accountants typically engage in. Hence, this option stands out as not aligning with the standard responsibilities of a managerial accountant.