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Follow the money: Demand for forensic accounting services will soar as financial regulation rises
Forensic Accounting Services
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 bankruptcies has the potential to temper industry revenue from its role as expert for the receiver or trustee, debtor or creditor's committee in these proceedingsThis 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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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