In forensic accounting, thorough industry knowledge is essential for supporting valuations that stand up to scrutiny in legal proceedings. For Milsted Langdon’s forensic team, having access to independent, reliable industry insights is key to managing risk and providing stakeholders with credible data to support high-stakes decisions.
By leveraging IBISWorld’s industry insights, Milsted Langdon equips their team with the tools needed to handle complex valuations with confidence.
The challenge: Accessing comprehensive data efficiently
Before partnering with IBISWorld, Milsted Langdon’s forensic team faced a significant challenge: gathering industry data was time-consuming and labor-intensive. This manual research process left room for uncertainty, especially in niche sectors.
“I didn’t know what I didn’t know. Now, I can be confident it’s all in one place.” – Roger Isaacs, Partner
Having access to comprehensive, independent data in one place reduces the risk of missing critical information, ensuring that every valuation is grounded in reliable insights. This shift means the forensic team can now focus more on preparing expert witness reports and providing detailed valuations grounded in reliable industry data.
The solution: Independent insights that reduce risk
Milsted Langdon now relies on IBISWorld reports to gain a full understanding of the industries their clients operate in, ensuring that their valuations hold up under scrutiny.
“When I go and visit a company, I need to understand what opportunities the business has and what challenges it faces. IBISWorld helps me sound knowledgeable from the outset.” – Roger Isaacs, Partner
In one notable case, the team was tasked with valuing a business in the windscreen replacement sector—a niche market they assumed wouldn’t have comprehensive data available.
Having quick access to IBISWorld’s specialised industry reports meant their team had comprehensive insights for the windscreen replacement industry on hand, preparing them thoroughly for discussions, reducing uncertainty and building confidence in their recommendations.
The impact: Strengthening decision-making and stakeholder trust
By using IBISWorld, Milsted Langdon strengthens their position as trusted advisors in forensic accounting. Referencing IBISWorld reports has become common practice in the expert witness community, with competitors regularly citing the data in court reports. This highlights how independent insights have become a critical benchmark for credible valuations.
This level of credibility is crucial when presenting findings to key stakeholders. The ability to reference independent, objective data reassures decision-makers that valuations are thorough and well-supported.
“The question has shifted from ‘Why should you use IBISWorld?’ to ‘Why aren’t you using it?’” – Roger Isaacs, Partner
Final Word
Complex valuations require more than just a deep dive into financials—they require an understanding of the broader market dynamics at play. Milsted Langdon’s partnership with IBISWorld allows their team to confidently manage risk, reduce uncertainty, and deliver insights that build trust with key stakeholders.
Want to improve your valuations and decision-making process? Discover how IBISWorld’s insights can help you manage risk and provide stakeholders with reliable, actionable data.
