Compliance audit services market includes companies which are required to conduct specific audit engagements other than the statutory audit to comply with the requirements of particular laws and regulations.
The global compliance audit services market was valued at $8.4 billion in 2017. North America was the largest geographic region accounting for $3.1 billion or 36.7% of the global market. The USA was the largest country accounting for $2.5 billion or 29.4% of the global compliance audit services market.
Firms offering compliance audit services have started using cognitive technologies for risk management procedures over the course of a compliance audit. Cognitive technologies are products of artificial intelligence that include computer vision, machine learning, natural language processing, speech recognition, and robotics. This technology enables auditors as well as organisations to detect, predict and prevent risks in high-risk situations.
The companies covered are PwC, Deloitte, Ernst & Young, and KPMG.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
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