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”.
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The global auditing services market was valued at
$210 billion in 2017. North America was the largest geographic region in the
market, accounting for over 35% of the global market share.
The market can easily split into external audit
services, internal audit services, forensic audit services, public sector audit
services, tax audit services, information system audit services, environmental
& social audit services, compliance audit services, and process audit
services.
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The USA was the largest country in the market, accounting for
nearly one-fourth of the global auditing services market share. This was mainly
due to the presence of a large number commercial establishments seeking
accounting, legal, and management consulting, advertising and other
professional services. The USA was followed by China and India as the next
largest countries in the market.
The major competitors in the market are Ernst & Young,
Protiviti, Deloitte, PWC, and KPMG. EY (formerly Ernst & Young)
is a multinational professional services firm headquartered in London, England. EY is one of the largest professional services firms in the
world and is one of the "Big Four" accounting firms.
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