In recent years, the demand for Forensic Accounting professionals has soared, showing little sign of slowing down. As an area centred around the speciality practice of financial accounting regulation and litigation where there is an actual or anticipated dispute, the sharp rise in remote work, cryptocurrency gaining more and more stature, supply chain changes and sudden economic shifts have created increased demand on the forensic accounting market.
With a high concentration of financial services in North America, this region dominated the global Forensic Accounting market in 2021, having been positively impacted by the Covid-19 pandemic, owing in large part to the significant and interconnected increase in financial fraud and tax evasion cases across the world. Going forward, further substantial growth is projected, as usage of related financial software and comprehensive business solutions by various government agencies and accounting companies, among others, will drive greater demand within the industry.
Integration of advanced tools such as machine learning and data analytics with Forensic Accounting solution suites are expected to offer remunerative opportunities for expansion of the Forensic Accounting market during the same forecast period, meaning the need for skilled professionals within the sector is significantly on the rise, too.