Global Forensic Accounting Services Market Report-Ernst & Young, PwC, Deloitte

Summary:

Forensic accounting, forensic accountancy or financial forensics is the specialty practice area of accounting that describes engagements that result from actual or anticipated disputes or litigation. "Forensic" means "suitable for use in a court of law", and it is to that standard and potential outcome that forensic accountants generally have to work. Forensic accountants, also referred to as forensic auditors or investigative auditors, often have to give expert evidence at the eventual trial. All of the larger accounting firms, as well as many medium-sized and boutique firms and various police and government agencies have specialist forensic accounting departments. Within these groups, there may be further sub-specializations: some forensic accountants may, for example, just specialize in insurance claims, personal injury claims, fraud, anti-money-laundering, construction, or royalty audits.

Over the next five years, the Big Four accounting firms will continue to perform the majority of forensic accounting services because of their well-established relationships with large corporate clients. However, medium-size firms will likely take on an increasing share of forensic accounting work associated with the major public companies, as mergers among regional firms continue. Smaller firms that offer niche forensic accounting practices (e.g. family law and patent litigation) are projected to grow faster than the industry average during the next five years.

Market Analysis and Insights: Global Forensic Accounting Services Market
The research report studies the Forensic Accounting Services market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.

The global Forensic Accounting Services market size is projected to reach US$ 29020 million by 2026, from US$ 18390 million in 2020, at a CAGR of 7.9% during 2021-2026.

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Global Forensic Accounting Services Scope and Segment
The global Forensic Accounting Services market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Forensic Accounting Services market will be able to gain the upper hand as they use the report as a powerful resource.

The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.

by Type, the market is primarily split into
Criminal and fraud investigation
Bankruptcy proceedings
Risk management
Risk Management occupies the largest market share segmentation, Criminal and Fraud Investigation
Type is growing fastest

by Application, this report covers the following segments
Large Businesses
Government
Insurance Professionals
Small Businesses
Legal Professionals
Individuals
Individuals accounted for the largest share of applications at 35.28%

Global Forensic Accounting Services market: regional analysis, the major regions covered in the report are:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa

The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.

The Forensic Accounting Services key players in this market include:
Ernst & Young
PwC
Deloitte
KPMG International
FTI Consulting
Kroll
AlixPartners
Control Risks
K2 Intelligence
Grant Thornton
BDO
Alvarez & Marsal
Nardello
Forensic Risk Alliance (FRA)
Charles River Associates
Berkeley Research Group
Hemming Morse

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