Forensic Accountant Roger Isaacs has said new research into the use of forensic services shows a growing appreciation of the benefits delivered by them.
The Network of Independent Forensic Accountants, of which Roger is the National Technical Director, has released new research that shows a 21 per cent increase in cases handled by its members each month in the year to December 2016.
It says that this growth can be attributed to more parties recognising the benefits of using a forensic accountant.
During this period association also found an increase in the professional negligence and shareholder dispute cases handled by forensic accountants. However, it is matrimonial cases that are most frequently dealt with by NIFA members.
In fact all areas saw an increase in the number of instructions with the exception of personal injury cases, which follows a long term decline reflecting the courts’ reluctance to allow the use of accounting experts in this area.
Reflecting on the results, Roger, who is a partner and Head of Forensic Accounting at Milsted Langdon, said: “It is clear to see that more and more people and their professional advisers are turning to forensic accountants for our unique skill set and our ability to provide strong factual evidence for their cases.
“In my experience, employing forensic accountancy services can make a significant difference to complex cases and they can often be extremely beneficial, whether defending or bringing a claim before the courts.”
To find out more about Network of Independent Forensic Accountants latest study, please visit www.nifa.co.uk.