Industry Analysis & Industry Trends
In the past five years, demand for forensic accounting services surged as financial regulation increased and the number of bankruptcies and corporate restructures rose sharply. Businesses turned to the industry for aid in assessing and correcting the damage inflicted during the recession as well as for assistance with litigation. Though internal competition and competition from other industries' in-house forensic accounting services are forecast to rise over the next five years, growth will continue as opportunities arise in niche and emerging markets.... purchase to read more
Industry Report - Starting a New Business Chapter
The Forensic Accounting Services industry operates with low barriers to entry, reflective of the industry's moderate level of competition and large number of small accounting firms. Yet, a number of important barriers exist, including regulation, labor access and capital constraints.
The industry operates under a strict regulatory landscape. The Securities and Exchange Commission (SEC) has responsibility for ensuring that proper auditing standards and outcomes are achieved for all public companies. Regulation of this industry increased following the investigation by the SEC and Congress into the Enron financial collapse and the role of its accounting firm... purchase to read more