It wasn't all that long ago that family doctors were "general practitioners." You went to them for everything from removing a deep splinter to an outbreak of the mumps. Specialists were usually reserved for more dire conditions.Not anymore. The general practitioner has evolved into an "internist," while specialties in the medical field have sprung up like weeds in a vacant lot.

The accounting profession is undergoing a similar evolution. The generic accountants who performed a variety of traditional client services are being usurped by specialists in booming niches such as forensics, litigation support, valuation, cost segregation, IT consulting and, of course, financial planning.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access