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 Threats & Opportunities

  • The industry experienced rapid growth as new financial regulations boosted demand
  • Increased financial regulation over the past decade drove rapid industry growth
  • Forensic accounting has not reached saturation, indicating profit will continue rising

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    Industry Analysis & Industry Trends

    Over the past five years, companies have increasingly relied on outside consultants, rather than in-house personnel, to investigate on their behalf. As a result, industry revenue is expected to increase over the five years to 2021. Yet, not all firms have grown at the same pace, with a number of distinctions existing between the average industry operator and the largest players. The acceptance of the industry's services, including those related to valuation, fraud and economic damages, is expected to continue its ascent. Yet, the forecast decline in the number of domestic...

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    Industry Report - Industry SWOT Analysis Chapter

    The Forensic Accounting Services industry is in the growth stage of its economic life cycle; this stage is characterized by consistent growth in industry participation levels and a mounting acceptance of industry offerings among downstream clients. Industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to increase at an annualized rate of 8.7% during the 10 years to 2021. In contrast, US GDP is projected to grow at an annualized rate of 2.2% during the same period. Typically, an industry is considered to be in the growth phase of its life cycle when IVA growth exceeds that of the overall economy over a 10-year period. IVA growth that is much faster than corresponding GDP growth is characteristic of a growing industry.
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    Additional Insights for the Forensic Accounting Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Forensic Accounting Services Industry are

  • Access to a highly skilled workforce
  • Having a good reputation
  • Having a clear market position
  • IBISWorld analysts also discuss how external factors such as Corporate profit and Demand from finance and insurance in the Forensic Accounting Services industry impact industry performance..

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    Industry Products

    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.

    Industry Products
    Fraud prevention, detection and response
    Economic damages
    Family law
    Financial statement misrepresentations
    Bankruptcy and insolvency
    Electronic data analysis
    Industry Activities
    Providing commercial and fraud investigation support
    Providing fraud detection services
    Providing anti-corruption and fraud risk management services
    Providing asset recovery services
    Providing business intelligence
    Performing investigative due diligence
    Providing litigation support

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Corporate profit
  • Demand from finance and insurance
  • Divorce rate
  • Business bankruptcies

  • Current Performance
  • Service diversity
  • Distinctions on the basis of size
  • Labor and technology investments
  • Chart: Revenue Growth

  • Industry Outlook
  • Macroeconomic and regulatory trends
  • Major challenges to face
  • Table: Forensic Accounting Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Forensic Accounting Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Manufacturing
  • Finance and Insurance
  • Professional, Scientific and Technical Services
  • Consumers

  • Key Selling Industries
  • Commercial Leasing
  • Computer & Packaged Software Wholesaling
  • Furniture Stores
  • Office Stationery Wholesaling

  • Products & Services
  • Fraud prevention, detection and response
  • Valuation
  • Economic damages
  • Financial statement misrepresentations
  • Family law
  • Electronic data analysis
  • Bankruptcy and insolvency
  • Chart: Forensic Accounting Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Investing entities
  • Lending institutions
  • Service sector firms
  • Government agencies
  • Legal professionals and individuals
  • Real estate sector firms
  • High technology firms
  • Chart: Major Market Segmentation for the Forensic Accounting Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases and other
  • Chart: Cost Structure Benchmarking – Sector vs Forensic Accounting Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Forensic Accounting Services Industry

  • Industry Globalization
    Major Companies
    PricewaterhouseCoopersDeloitteKPMG InternationalErnst & Young
  • Table: PricewaterhouseCoopers - financial performance
  • Table: Deloitte - financial performance
  • Table: KPMG International - financial performance
  • Table: Ernst & Young - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Forensic Accounting Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Forensic Accounting Services Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Number of Businesses (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • An unbiased examination and evaluation of the financial statements of an organization.
  • Bankruptcy
  • A legal proceeding involving a person or business that is unable to repay outstanding debts.
  • Financial Forensics
  • A field that combines criminal investigation skills with financial auditing skills to identify financial criminal activity coming from within or outside of an organization.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Forensic Accounting Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Forensic Accounting Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Forensic Accounting Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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