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Procurement Market Intelligence Report

Forensic Accounting Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Forensic Accounting Services?

What is the average price of Forensic Accounting Services?

This procurement report includes pricing information to help you purchase Forensic Accounting Services. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Forensic Accounting Services been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Forensic Accounting Services yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Forensic Accounting Services?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Forensic Accounting Services with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase ?

This market contains roughly 5,000 vendors. Major players include Deloitte, PricewaterhouseCoopers, KPMG and Ernst & Young, which are known as the Big Four. Although these vendors bring in a significant amount of revenue, typically earning over $10 billion annually, revenue attributable to forensic accounting services is minimal and does not... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Experience and Expertise

How long have you provided these products to your longest-tenured client?

What qualifications does your staff have and what measures do you take to keep those qualifications up to date?

What industry do you most commonly supply this product for?

To what extent will ordering multiple products from your firm allow me to save on costs?

What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?

Supply Chain Risk

Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?

Has the availability of raw materials tightened due to the coronavirus outbreak?

Over the past three years, what percentage of your revenue has been dedicated to labor?

How have fluctuations in input prices affected the prices of your products during the past three years?

How do you mitigate sudden price increases in raw materials?

When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?

How, if at all, has your supply chain been affected by import tariffs levied in 2018?


How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?

How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?

What ongoing training procedures do you provide for your staff?

Have you ever been found to be noncompliant with regulatory frameworks?

Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Supplier Qualifications

What is the criteria used when hiring employees?

How many of your employees are CPAs? How many of your employees are CFEs?

What is the lowest level of experience among the employees that will be assigned to my account?

Do you provide any assistance for your employees that wish to increase their level of certification, such as payments for applicable classes or certification programs?


What methods does your company use to attract and retain clients?

What incentives do you give long-term clients to stay with your company?

What sets your company apart from other vendors in the market?

Why are your service rates higher or lower than your competitor's?

Amid widespread health concerns, what contingency plans are in place to mitigate the risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?


How do you keep your staff up to date with regulations that affect these services?

Have any of your clients ever faced legal issues due to your company not properly following all laws? What was the result?

How have your operations changed over time to adapt to changing regulations?

What is the extent of liability clients face if your company fails to comply with all laws?


How many years has your company been a provider of forensic accounting services?

How have your operations changed over the past decade?

Who have been your largest clients?

To date, how many clients have you served?

How many legal cases have you provided your services for? What percentage of these cases did your client win?

Supplier Capabilities

What is the largest size business that your company has provided services for? What is the potential maximum size?

How many offices do you have in the United States? Do you have any international locations?

How does your company cope with periods of high demand?

How many clients do you currently serve? How many are you capable of serving simultaneously?

Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased or reduced demand?

Employee Turnover

What is your employee turnover rate?

How do you retain your employees?

If an employee assigned to my account leaves the company, will he or she be replaced by an employee with equal or greater qualifications?

What is the average tenure of your employees?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should provide a budget and specifications regarding what circumstances allow for exceeding the budget.

Buyers should provide a breakdown of the budget for each service being requested.

Buyers should provide details regarding contingency costs.

Buyers should state whether additional costs, such as transportation, are included in the budget.

Selection Criteria

Buyers should assess the level of relevant experience of each supplier.

Buyers should look at the price of each suppliers’ services, as well as any additional fees that may be included.

Buyers should look at suppliers' past projects that are similar to the services being requested, and the performance of the suppliers on said projects.

Project Schedule

Buyers should provide a breakdown of key dates regarding the RFP process, such as the date to submit questions and the final date to submit bids.

Buyers should provide the date by which suppliers will be chosen and notified.

Buyers should provide a timeline of key dates once the project has begun.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain associated with forensic accounting services has a low risk of service disruptions. Forensic accounting services primarily rely on a supply of skilled and knowledgeable employees. As a result, the few remaining upstream suppliers that service providers rely on present a minimal risk of creating any disturbances. Upstream... Subscribe to learn more.