Hot Market for Forensic Services


The demand for CPAs providing forensic accounting services has accelerated, according to an AICPA survey.

More than two out of three CPAs polled (68%) say their forensic practices have grown over the past year.

The results were released in connection with the 2008 AICPA National Accounting Conference on Fraud and Litigation Services in October. The conference marked the official launch of a new credential exclusively for CPAs—Certified in Financial Forensics (CFF). The credential encompasses specialized skills that CPA practitioners apply in a variety of service areas, including bankruptcy and insolvency; computer forensics; fraud investigations; family law; and litigation support, among others.

Of those respondents who reported increased demand for their services, 67% cited computation of economic damages as the leading reason, followed by marital disputes (56%) and investigations of financial statement fraud (54%).

AICPA research shows that CPAs represented 94% of forensic experts hired over the past two years.

More than 5,400 members of the AICPA’s Forensic Valuation Services Section completed the survey.

Source: AICPA, www.aicpa.org.

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

TECHNOLOGY Q&A

How to create maps in Excel 2016

Microsoft Excel 2016 has two new mapping capabilities. J. Carlton Collins, CPA, demonstrates how to make masterful 2D and 3D maps in Excel 2016.

QUIZ

News quiz: Economy and health care changes top CPAs’ list

CPA decision-makers’ economic outlook and the House Republicans’ proposed tax changes as part of replacing the Patient Protection and Affordable Care Act received attention recently. See how much you know with this short quiz.