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
BUSINESS RESEARCH COMPANY VALUED THE GLOBAL EXTERNAL AUDIT SERVICES MARKET AT $43
BILLION IN 2017
North
America was the largest geographic region in the market, accounting for more
than one-third of the global market. The USA was the largest country accounting
for nearly one-third of the global external audit services market.
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According
to The Business Research Company’s Consultant, Nitin Gianchandani, cyberattacks on corporate networks and systems have become
advanced in the range of protecting from risks. For instance, KPMG high
lightened few technological risks to protect the data and categorized them
into: Data protection, social engineering, auditing of third-parties, cyber
insurance and remediation procedures.
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https://www.thebusinessresearchcompany.com/sample.aspx?id=434&type=smp
PwC Advisory Services was the
largest player in the external audit services market, with revenues of $60million
(600 crores million euros) in 2016. PwC’s growth
strategy aims at accelerating
growth and innovation, establishing operations and improving client portfolio.
The
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 Report 2018 is a detailed report giving a
unique insight into this market. The report is priced at $4000 for an
individual user. To use across your office, the price is $6000 and $8000 if you
wish to use across a multinational company.
About
The Business Research Company
The Business Research Company is a market research and
intelligence company, which excels in company, market and consumer research.
It has research professionals at its offices in the UK, India and
the US as well a network of trained researchers globally. It has specialist
consultants in a wide range of industries including manufacturing, healthcare,
chemicals and technology.
The Business Research Company's management has more than 20 years
of varied business research experience. They have delivered hundreds of
research projects to the senior management of some of the world's largest
organizations.
Contact Information.
The Business Research Company
Europe: +44 207
1930 708
Asia: +91
8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
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