AICPA Survey: Demand for Forensic Accounting is Up. Find Out How Much.
The AICPA’s 2011 Forensic and Valuation Services (FVS) Trend Survey finds growing demand for forensic accounting services. Â
James Schiavone breaks it down: Â
Forty-seven percent of respondents saw an increase in the hours spent working on forensic accounting, compared with only 14 percent who said their hours decreased. The areas with the greatest jumps in demand within the past year included shareholder/partner disputes, contractual disputes, family law, and gift and estate issues.
And this was not just statistical noise or a random varianceâ€•CPAs expect to see increasing demand for their forensic services for the next two to five years, largely as a result of increased litigation and regulatory enforcement. The specific areas they expect to be spending more time on are shareholder/partner disputes, contractual disputes and family law. Additionally, as economic uncertainty and instability persist, respondents indicated they expect an increase in time spent working on bankruptcy, insolvency and reorganization.
Download a PDF of the whole FVS surveyÂ here.Â
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