Finding Growth in FVS. 6

By: 4 0 16, [, ] | [, ] |
Contributor(s): Journal of Accountancy. 219(3) :March 2015. pp. 30 5 6 [] |
Language: Unknown language code Summary language: Unknown language code Original language: Unknown language code Series: ; 46Edition: Description: Content type: text Media type: unmediated Carrier type: volumeISBN: ISSN: 2Other title: 6 []Uniform titles: | | Related works: 1 40 Vinluan, Frank. 6 []Subject(s): -- 2 -- 0 -- -- | -- 2 -- 0 -- 6 -- | 2 0 -- | -- -- 20 -- | | -- -- Forensic Accounting;Growth Rate -- Business Valuation;Market Research. -- Profit Margins. -- | -- -- -- 20 -- --Genre/Form: -- 2 -- Additional physical formats: DDC classification: | LOC classification: | | 2Other classification:
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Abstract : While tax work is seasonal, practitioners in forensic and valuation services (FVS) find that their business opportunities ebb and flow with the economy. According to The 2014 AICPA Survey on International Trends in Forensic and Valuation Services, which received responses from 443 professionals, 76% of forensic and 54% of valuation professionals expect their practices to grow in the next two to five years. Ron Seigneur, CPA/ABV/CFF, CGMA, managing partner of Seigneur Gustafson LLP, said the biggest growth area he sees in business valuation (BV) is in litigation services. While FVS may account for a relatively small portion of most accounting firms' revenue, they typically result in higher profit margins than accounting services in general. Market research firm IBIS World projected that BV services earnings before interest and taxes would hit 23.1% of revenue in 2014. Meanwhile, forensic accounting services earnings before interest and taxes were projected to reach 152% of revenue. 56

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