Follow the money: Demand for forensic accounting services will soar as financial regulation rises
IBISWorld’s Forensic Accounting Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.
Industry Statistics & Market Size
Annual Growth 07-12
Annual Growth 12-17
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 - Industry Investment Chapter
The Forensic Accounting Services industry exhibits a low level of capital intensity. In 2012, the average industry firm spends $36.32 on labor for every dollar spent on capital expenditures. Industry employees are generally highly educated with Bachelor's degrees and often demand high salaries due to the specialized skills and qualifications required. Forensic accountants are mostly certified public accountants (CPAs) that have Certified Fraud Examiners (CFE) certification. In addition, forensic auditors must have extensive knowledge of legislative changes and decisions made by the Internal Revenue Service (IRS) relating to tax and accounting-related matters.
Wages account for the largest portion of industry firms' cost structure... purchase to read more
What is the Forensic Accounting Services Industry?
This industry provides services that apply accounting concepts and techniques to legal problems. Forensic accountants investigate and document financial fraud and white-collar crimes. They also provide litigation support to attorneys and law enforcement agencies that investigate financial wrongdoings.
Risk managementCriminal and fraud investigationBankruptcy proceedings
Risk management servicesBankruptcy proceedings servicesCriminal and fraud investigation services