Senior-level Accounting and Finance Professionals on a Project and Interim Basis

Contact Us
Minneapolis 952.345.4140
Dallas 972.720.1020

Demand for Forensic Accountants

Author: Moe Harrison /Monday, June 30, 2014/Categories: SNI Companies, SNI Financial, Financial Staffing, For Job Seekers, For Employers, Workplace Issues, Industry Trends, SNI Certes

Rate this article:
4.0

If you are anything like me, you have probably noticed that accountants are starting to get a little attention on TV crime shows. Programs like Burn Notice or Castle are using Forensic Accountants to “follow the money trail” and catch the criminal.

In the real world, Forensic Accountants are called in to analyze, interpret, summarize, and present complex financial and business related cases. Part of their value is the ability to present their findings in such a way that is easy to understand and actionable.

Hiring of Forensic Accountants has expanded well beyond government agencies and accounting firms to include insurance companies, banks, police forces, and law firms.

AICPA reports that the demand for Forensic Accountants will continue to be strong. Results from their survey on future demand for services include:

  • 83% of accounting firms are expecting greater demand for computer forensic investigations in the next two to five years.
  • 53% are expecting more prepackaged bankruptcies in the next two to five years.
  • 51% are expecting rising demand for outside consultants vs. in-house staff in the next two to five years from companies looking to prevent or detect fraud.

For specific areas within Forensic Accounting, the AICPA survey reports:

  • Among economic damages engagements, the greatest demand is expected in cases involving breaches of contract, business torts, and intellectual property.
  • For valuation professionals, the areas with greatest peaks in demand within the past year included shareholder/partner disputes, contractual disputes, family law, and gift and estate issues.
  • In the next two to five years respondents expect higher demand for a variety of services, including shareholder/partner disputes, family law, contractual disputes and bankruptcy, insolvency, and reorganizations.

All indicators point to the expanded use of, and increased hiring of, Forensic Accountants; making it one of the many growth areas within the financial sector.

Print

Number of views (15645)/Comments (2)

Moe Harrison
Moe Harrison

Moe Harrison

Moe Harrison is a Regional Vice President with SNI. With more than 15 years’ experience in recruiting and personnel management, Moe has a unique perspective on the top issues and concerns of employers and candidates in the accounting and finance fields.

Other posts by Moe Harrison
Contact author Full biography

Full biography

Moe Harrison is a Regional Vice President with SNI. With more than 15 years’ experience in recruiting and personnel management, Moe has a unique perspective on the top issues and concerns of employers and candidates in the accounting and finance fields.

x

2 comments on article "Demand for Forensic Accountants"

Avatar image

essay best

3/22/2019 12:43 AM

Demand for Forensic Accountants and some basic ideas are to be utilized here in this blog. After reading this blog it would be best for us to share it with writing developers. I just like the thing this blog is described.


Avatar image

Buy Indian Handicrafts Online

7/6/2019 6:08 AM

https://www.gergstore.com

Gergstore - Online Shopping India

https://uthhan.gergstore.com

Buy handicrafts online in India

https://www.goldenerasoftware.com

Golden Era Software Solutions

https://www.goldeneraproperty.com

Farmland in Bangalore

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Contact author

x
Subscribe to Our RSS Feeds!