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 Key Buyers Chapter
The Forensic Accounting Services industry operates with a low level of market share concentration. In 2014, the four largest companies are estimated to represent 34.3% of the market, with the three largest participants each expected to account for 9.0% of industry revenue. PricewaterhouseCoopers, Deloitte, KPMG and Ernst & Young, known as the Big Four, are massive in scale and maintain global distribution systems. These operators expend large amounts on specialized information technology and technological platforms to provide fraud detection, predictive modeling and anti-corruption analytics services.
Yet, the majority of the industry's revenue and the great majority of the industry's establishments are not part of the Big Four... purchase to read more