Public sector audit services Market involve assessing financial information of government organizations, and non-profit organizations such as charities, education and healthcare. Internal public sector audit is performed by the organization’s internal auditor and reports to the management. External public sector audit service is performed by an independent accounting firm from outside the organization.
The global public sector audit services market was valued at $25.2 billion in 2017. North America was the largest geographic region accounting for $9.2 billion or 36.7% of the global market. The USA was the largest country accounting for $7.4 billion or 29.4% of the global public sector audit services market.
Public sector audit services Market are increasingly utilizing data analytics and automated workpapers software packages to simplify the auditing. Cross referencing and references to standards have been easily streamlined by employing the software packages, aiding in maintaining consistency and thoroughness of the audits with less effort. With all new highly adaptive advanced methods to simplify auditing, public sector audit service market is expected to grow in the upcoming years.
Companies Covered: PricewaterhouseCoopers Advisory Services LLC (PwC Advisory Services), KPMG LLP (Advisory), EY (Ernst & Young) LLP Consulting Practice, Deloitte Consulting LLP, Grant Thornton LLP
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