Demand for Forensic Accounting is Expected to Expand – CPA Insider

Forensic Accounting Revenue in the U.S. is Expected to Grow 6.8% Annually

A recent market research report noted in The CPA Insider reports that demand for forensic accounting services will remain strong over the next five years in the United States as a result of increased financial regulations and continued demand for investigative services in the wake of the recession:

Forensic-accounting revenue is projected to increase 6.8% annually during the next five years, reaching $6 billion in 2017, accordihe financial crisis devastated many industries but continued to create opportunities for firms and professionals in forensic accounting.

Demand for forensic accounting services will remain strong over the next five years in the United States as a result of increased financial regulations and continued demand for investigative services in the wake of the recession, according to a new market research report.

Revenue in forensic accounting in the United States is expected to grow 6.8% annually from $4.3 billion in 2012 to $6.0 billion in 2017, according to a report by IBISWorld. That’s a slightly lower rate than the 7.9% annual increase from 2007 to 2012 described in the report. A 7.0% increase in forensic accounting revenue is expected for 2013.

Profits in the profession total $669.8 million and wages total $1.6 billion, according to the IBISWorld report.

Read the whole piece here.

Forensic Accounting Revenues are Up!