What is Auditing Services?
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 organizationsí 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.
The market study is broken down by Type (Internal Audit and External Audit), by Application (Listed Company, Unlisted Company, Government and Institutions) and major geographies with country level break-up.
In addition, increasing mergers and acquisitions by players operating in the target market for strengthening companiesí performance the market and enhance their presence globally. Research Analyst at AMA estimates that Players from United States will contribute to the maximum growth of Global Auditing Services market throughout the predicted period.
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) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Auditing Services market by Type, Application and Region.
On the basis of geography, the market of Auditing Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Category, the sub-segment i.e. Annual Audit will boost the Auditing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Line, the sub-segment i.e. Operational Audits will boost the Auditing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The increasing demand for auditing services across various industries such as healthcare, IT & telecommunication, BFSI, etc., in order to maintain organizations workflow
- The increasing strict regulations regarding disclosure and recording of financial records
- The growing corporate spending on financial auditing and recording
- Technological advancements in audition services in order to help auditor for taking actionable insights by using companiesí financial figures and graphs
- Increasing technological advancements and investment in research and development activity to improve services
- The lake of awareness among individuals regarding the financial auditing services
Key Target AudienceGovernment Regulatory Bodies, Government Research Organization, Private Research Organization and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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