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.
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The global external audit services market was
valued at $42 billion in 2017. This is due to economic growth and technology
development.
North America was the largest geographic
region in the market, accounting for two-fifth of the global market share, due
to high demand for services such as accounting, legal, advertising,
photographic services and other professional services from companies across all
industries.
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The USA was the largest country in the
market, accounting for three-tenth of the global market share, due to the
presence of a large number of commercial establishments seeking accounting,
legal, and management consulting, advertising and other professional services.
The USA was followed by India and China as the next largest countries in the
market.
The major competitors in the market are Deloitte,
PwC, Ernst & Young, KPMG and BDO. Deloitte is one of the
"Big Four" accounting organizations and the largest professional
services network in the world by revenue and number of
professionals. Deloitte
provides audit, tax, consulting, enterprise
risk and financial advisory services with more than 263,900
professionals globally.
About The Business Research Company.
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Contact Information.
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