Industry Background:
Auditing is defined as the evaluations of the reliability and credibility of financial and non-financial information as well as the systems and processes responsible for recording and summarizing that information. Auditing services is an independent reporting process of objective evaluation of an organizations’ financial record and other financial activities in order to assure regulators, investors, directors, and managers for reasonable financial statements are correct. Large organizations need to appoint an external auditor to audit their books and publish financial figures at the end of a financial year.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | BDO (Belgium), Deloitte (United States), Ernst?Young (United Kingdom), KPMG (Netherlands), Protiviti (United States), PwC (United Kingdom), RSM US (United States), Grant Thornton LLP (United States), A.T Kearney (United States), CBIZ & Mayer Hoffman McCann (United States) and Crowe Horwath (United States) |
This growth is primarily driven by The increasing strict regulations regarding disclosure and recording of financial records and The growing corporate spending on financial auditing and recording.
Globally, a noticeable market trend is evident The increasing demand for auditing services across various industries such as healthcare, IT & telecommunication, BFSI, etc., in order to maintain organizations workflow The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as BDO (Belgium), Deloitte (United States), Ernst?Young (United Kingdom), KPMG (Netherlands), Protiviti (United States), PwC (United Kingdom), RSM US (United States), Grant Thornton LLP (United States), A.T Kearney (United States), CBIZ & Mayer Hoffman McCann (United States) and Crowe Horwath (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. In addition, increasing mergers and acquisitions by players operating in the target market for strengthening companies’ performance the market and enhance their presence globally.
Key Developments in the Market:
In June 2020, BDO USA, LLP acquired Piercy Bowler Taylor & Kern to expand its presence in Nevada and Utah.
In August 2022, Guidehouse, a leading global consulting provider, signed a definitive agreement to acquire Grant Thornton’s Public Sector Advisory practice.
Influencing Trend:
The increasing demand for auditing services across various industries such as healthcare, IT & telecommunication, BFSI, etc., in order to maintain organizations workflow
Market Growth Drivers:
The increasing strict regulations regarding disclosure and recording of financial records and The growing corporate spending on financial auditing and recording
Challenges:
High cost and maintenance of auditing services
Restraints:
The lake of awareness among individuals regarding the financial auditing services
Opportunities:
Technological advancements in audition services in order to help auditor for taking actionable insights by using companies’ financial figures and graphs and Increasing technological advancements and investment in research and development activity to improve services
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Auditing Services Market
- Analysis about New Entrants in Auditing Services Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Auditing Services Study Sheds Light on
The Auditing Services Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Auditing Services industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Auditing Services industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.