The stockbrokers of the world have seen their profession turned upside down by the Internet. As increasing numbers of people buy directly from discount brokers, traditional stockbrokers are reevaluating their services. Investment clubs are becoming as popular as book clubs, resulting in an increase in investors doing their own research and buying. One of the one million accountants and auditors in our country would be called. One of the hottest new specialties in accounting is forensic accounting.
Forensic accountants are like a cross between accountants and private investigators.
Some software allows businesses to conceal income and provide fake sales figures in an attempt to avoid taxes. As more companies go global, the likelihood of fraud increases. Many countries do business using bribes and secret payoffs. Also, employees far from headquarters may use their isolation to line their own pockets. As forensic accounting grows look for growth in even more specialized fields of accounting such asset tracing, environmental auditing, patent infringement and litigation accounting.