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 Analysis Chapter
Forensic accountants provide investigative accounting services, which include litigation support and applying their accounting skills to criminal investigations to uncover fraud. Litigation support involves the use of accounting principles and practices regarding existing or pending litigation. This litigation often focuses on business valuation and calculating damages from breaches of contract. In addition to extensive accounting experience, forensic accountants are required to have their Certified in Public Accounting (CPA) certification and Certified in Financial Forensics (CFF) certification, which was introduced by The American Institute of Certified Public Accountants (AICPA) in 2008 in response to the growing demand for a forensic specialization in accounting... purchase to read more