External audit services market is also known as financial audit and statutory audit. It involves the examination of the truth and fairness of the financial statements of an entity by an external auditor who is independent of the organization in accordance with a reporting framework such as the IFRS.
External Audit Services Global Market Size
The global external audit services market was valued at $42 billion in 2017. North America was the largest geographic region accounting for $15.4 billion or 36.7% of the global market. The USA was the largest country accounting for $12.4 billion or 29.4% of the global external audit services market.
External Audit Services Global Market Trend
Data analytics helps auditors to manage important aspects of IT systems in larger audits. The extraction of data using fields within the basic data structure is a part of data analytics. For instance, Power View, an Excel tool is a simple example of a data analytics tool which can filter, sort, slice and highlight data in a spreadsheet and then present it visually in various formats or graphical/pictorial representations like bar and pie charts. Data analytics tools can be used for validation, to provide insights, for risk analysis, testing transaction and controls testing, analytical procedures. Data analytics tools also provide information on external market data such as third-party pricing sources and re-price investments.
The companies covered are Delloite, PwC, 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.
Big Data Analytics And The Use Of 3D Printing Technology In The Specialized Design Services Market
UK legal services market to get Brexit boost
Deloitte is world’s biggest legal services firm, report claims
Europe's City Dwelling Past Makes It The World's Largest And Fastest-Growing Architectural And Engineering Services Market
Asian Demographics And Urbanization Are Boosting Global Advertising Spend
India's Management Consultancy Market's Rapid Growth Is Linked to Its Business Processing Industry
Law Firms Face Increasing Competition from Non-Traditional Sources
Standardization lowers the prices for interior design services.
Legal Services Market Global Opportunities And Strategies To 2021
Environmental Consulting Services Market Global Opportunities And Strategies To 2021
Design, Research, Promotional And Consulting Services Global Market Report 2019
Accounting Services Global Market Report 2019
Photographic Services Global Market Report 2019
Market Research Services Global Market Report 2019
Advertising, Public Relations, And Related Services Global Market Report 2019
Scientific Research And Development Services Global Market Report 2019