Financial Auditing Professional Services Market Size, Share & Trends Analysis Report By Type (External, Internal), By Service (Financial Statement, Employee Benefit Plan), By End Use, And Segment Forecasts, 2019 - 2025

Published: Jan, 2019 | Pages: 117 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global financial auditing professional services market size is likely to reach USD 190.7 billion by 2025, expanding at a CAGR of 7.4% from 2018 to 2025, according to a new study conducted by Grand View Research, Inc. Introduction of stringent laws and regulations pertaining to auditing and reporting of financial statements by corporates and enterprises is estimated to drive the market over the forecast period.

Changing auditing and reporting practices and trade policies are playing a pivotal role in the growth of the global financial auditing professional market. Accounting, consulting, and auditing firms are responding to situations by aggressively deploying additional resources in order to improve their service delivery models in line with rapidly changing requirements of their clients. They have developed highly-customized service delivery models by combining shared services delivery model, offsite delivery model, offshore development center model, and onsite delivery model in order to meet clients' requirements as well as to comply with regulatory norms.

Financial audit professional service providers are acquiring technology-based companies in order to develop advanced data analytics capabilities. For instance, in 2018, PricewaterhouseCoopers Hungary Ltd. acquired Data Solutions Kft., a data mining company, as part of efforts to focus on development of data-based products and solutions while Deloitte Touche Tohmatsu Limited acquired Mexia Consulting Pty Ltd, a Microsoft Azure integration consultancy, in order to augment cloud service offerings. Data analytics services are expected to emerge as new sources for revenue generation that can support core business of auditing firms.

Further key findings from the report suggest:

• The internal auditing segment is anticipated to experience the highest growth over the forecast period as corporates and enterprises emphasize on internal auditing to enable fraud detection and fraud investigation

• The financial statement audit segment is projected to register the highest CAGR of 7.7% over the forecast period as regulations governing external auditing and reporting of organizations get stringent

• The BFSI sector is poised to be the most promising end-user segment over the forecast period as internal auditing becomes a common practice among organizations to detect frauds and curb fraudulent activities

• North America is likely to be the leading revenue contributor in the global financial auditing professional services market throughout the forecast period. It is expected to reach USD 61.04 billion by 2025

• On the other hand, Asia Pacific is estimated to witness the highest CAGR as multinational corporations (MNCs) continue to invest and expand in the region

• Key players operating in the financial auditing professional services market include Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers (PwC), KPMG International, Ernst & Young (EY), Grant Thornton International Ltd., Binder Dijker Otte (BDO) Global, RSM International Association, Mazars, Nexia International Limited, and Moore Stephens International Limited.

 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Research Methodology
                   1.2 Research Scope and Assumptions
                   1.3 List of Data Sources

Chapter 2 Executive Summary
                   2.1 Financial Auditing Professional Services Market-Industry Snapshot & Key Buying Criteria, 2014 - 2025
                   2.2 Global Financial Auditing Professional Services Market, 2014 - 2025
                       2.2.1 Global Financial Auditing Professional Services Market, by region, 2014 - 2025
                       2.2.2 Global Financial Auditing Professional Services Market, by type, 2014 - 2025
                       2.2.3 Global Financial Auditing Professional Services Market, by service, 2014 - 2025
                       2.2.4 Global Financial Auditing Professional Services Market, by end use, 2014 - 2025

Chapter 3 Financial Audit Professional Services Industry Outlook
                   3.1 Market Segmentation and Scope
                   3.2 Market Size and Growth Prospects
                   3.3 Financial Auditing Professional Services Market-Value Chain Analysis
                   3.4 Penetration and Growth Prospect Mapping
                   3.5 Financial Auditing Professional Services Market-Key Company Market Share Analysis, 2017
                   3.6 Financial Audit Professional Services-Porter's Five Forces Analysis
                   3.7 Financial Audit Professional Services-PESTEL Analysis

Chapter 4 Financial Audit Professional Services Type Outlook
                   4.1 Financial Auditing Professional Services Market Share By Type, 2017
                   4.2 External Audit
                       4.2.1 External audit in Financial Auditing Professional Services Market, 2014 - 2025
                   4.3 Internal Audit
                       4.3.1 Internal audit in Financial Auditing Professional Services Market, 2014 - 2025

Chapter 5 Financial Audit Professional Service Outlook
                   5.1 Financial Auditing Professional Services Market Share By Service, 2017
                   5.2 Due Diligence
                       5.2.1 Due diligence in Financial Auditing Professional Services Market, 2014 - 2025
                   5.3 Employee Benefit Plan Audit
                       5.3.1 Employee benefit plan audit in Financial Auditing Professional Services Market, 2014 - 2025
                   5.4 Financial Statement Audit
                       5.4.1 Financial statement audit in Financial Auditing Professional Services Market, 2014 - 2025
                   5.5 Service Organization Control (SOC) Audit
                       5.5.1 Service Organization Control (SOC) audit in Financial Auditing Professional Services Market, 2014 - 2025
                   5.6 Others
                       5.6.1 Others in Financial Auditing Professional Services Market, 2014 - 2025

Chapter 6 Financial Audit Professional Services End Use Outlook
                   6.1 Financial Auditing Professional Services Market Share By End Use, 2017
                   6.2 BFSI
                       6.2.1 Financial audit professional services in BFSI, 2014 - 2025
                   6.3 Government
                       6.3.1 Financial audit professional services in government, 2014 - 2025
                   6.4 Manufacturing
                       6.4.1 Financial audit professional services in manufacturing, 2014 - 2025
                   6.5 Healthcare
                       6.5.1 Financial audit professional services in healthcare, 2014 - 2025
                   6.6 Retail & Consumer
                       6.6.1 Financial audit professional services in retail & consumer, 2014 - 2025
                   6.7 IT & Telecom
                       6.7.1 Financial audit professional services in IT & telecom, 2014 - 2025
                   6.8 Others
                       6.8.1 Financial audit professional services in others end use, 2014 - 2025

Chapter 7 Financial Audit Professional Services Regional Outlook
                   7.1 Financial Auditing Professional Services Market Share by Region, 2017
                   7.2 North America
                       7.2.1 North America Financial Auditing Professional Services Market, 2014 - 2025
                       7.2.2 North America Financial Auditing Professional Services Market, by type, 2014 - 2025
                       7.2.3 North America Financial Auditing Professional Services Market, by service, 2014 - 2025
                       7.2.4 North America Financial Auditing Professional Services Market, by end use, 2014 - 2025
                       7.2.5 U.S.
                           7.2.5.1 U.S. Financial Auditing Professional Services Market, 2014 - 2025
                           7.2.5.2 U.S. Financial Auditing Professional Services Market, by type, 2014 - 2025
                           7.2.5.3 U.S. Financial Auditing Professional Services Market, by service, 2014 - 2025
                           7.2.5.4 U.S. Financial Auditing Professional Services Market, by end use, 2014 - 2025
                       7.2.6 Canada
                           7.2.6.1 Canada Financial Auditing Professional Services Market, 2014 - 2025
                           7.2.6.2 Canada Financial Auditing Professional Services Market, by type, 2014 - 2025
                           7.2.6.3 Canada Financial Auditing Professional Services Market, by service, 2014 - 2025
                           7.2.6.4 Canada Financial Auditing Professional Services Market, by end use, 2014 - 2025
                   7.3 Europe
                       7.3.1 Europe Financial Auditing Professional Services Market, 2014 - 2025
                       7.3.2 Europe Financial Auditing Professional Services Market, by type, 2014 - 2025
                       7.3.3 Europe Financial Auditing Professional Services Market, by service, 2014 - 2025
                       7.3.4 Europe Financial Auditing Professional Services Market, by end use, 2014 - 2025
                       7.3.5 U.K.
                           7.3.5.1 U.K. Financial Auditing Professional Services Market, 2014 - 2025
                           7.3.5.2 U.K. Financial Auditing Professional Services Market, by type, 2014 - 2025
                           7.3.5.3 U.K. Financial Auditing Professional Services Market, by service, 2014 - 2025
                           7.3.5.4 U.K. Financial Auditing Professional Services Market, by end use, 2014 - 2025
                       7.3.6 Germany
                           7.3.6.1 Germany Financial Auditing Professional Services Market, 2014 - 2025
                           7.3.6.2 Germany Financial Auditing Professional Services Market, by type, 2014 - 2025
                           7.3.6.3 Germany Financial Auditing Professional Services Market, by service, 2014 - 2025
                           7.3.6.4 Germany Financial Auditing Professional Services Market, by end use, 2014 - 2025
                   7.4 Asia Pacific
                       7.4.1 Asia Pacific Financial Auditing Professional Services Market, 2014 - 2025
                       7.4.2 Asia Pacific Financial Auditing Professional Services Market, by type, 2014 - 2025
                       7.4.3 Asia Pacific Financial Auditing Professional Services Market, by service, 2014 - 2025
                       7.4.4 Asia Pacific Financial Auditing Professional Services Market, by end use, 2014 - 2025
                       7.4.5 China
                           7.4.5.1 China Financial Auditing Professional Services Market, 2014 - 2025
                           7.4.5.2 China Financial Auditing Professional Services Market, by type, 2014 - 2025
                           7.4.5.3 China Financial Auditing Professional Services Market, by service, 2014 - 2025
                           7.4.5.4 China Financial Auditing Professional Services Market, by end use, 2014 - 2025
                       7.4.6 India
                           7.4.6.1 India Financial Auditing Professional Services Market, 2014 - 2025
                           7.4.6.2 India Financial Auditing Professional Services Market, by type, 2014 - 2025
                           7.4.6.3 India Financial Auditing Professional Services Market, by service, 2014 - 2025
                           7.4.6.4 India Financial Auditing Professional Services Market, by end use, 2014 - 2025
                       7.4.7 Japan
                           7.4.7.1 Japan Financial Auditing Professional Services Market, 2014 - 2025
                           7.4.7.2 Japan Financial Auditing Professional Services Market, by type, 2014 - 2025
                           7.4.7.3 Japan Financial Auditing Professional Services Market, by service, 2014 - 2025
                           7.4.7.4 Japan Financial Auditing Professional Services Market, by end use, 2014 - 2025
                   7.5 Latin America
                       7.5.1 Latin America Financial Auditing Professional Services Market, 2014 - 2025
                       7.5.2 Latin America Financial Auditing Professional Services Market, by type, 2014 - 2025
                       7.5.3 Latin America Financial Auditing Professional Services Market, by service, 2014 - 2025
                       7.5.4 Latin America Financial Auditing Professional Services Market, by end use, 2014 - 2025
                       7.5.5 Brazil
                           7.5.5.1 Brazil Financial Auditing Professional Services Market, 2014 - 2025
                           7.5.5.2 Brazil Financial Auditing Professional Services Market, by type, 2014 - 2025
                           7.5.5.3 Brazil Financial Auditing Professional Services Market, by service, 2014 - 2025
                           7.5.5.4 Brazil Financial Auditing Professional Services Market, by end use, 2014 - 2025
                   7.6 MEA
                       7.6.1 MEA Financial Auditing Professional Services Market, 2014 - 2025
                       7.6.2 MEA Financial Auditing Professional Services Market, by type, 2014 - 2025
                       7.6.3 MEA Financial Auditing Professional Services Market, by service, 2014 - 2025
                       7.6.4 MEA Financial Auditing Professional Services Market, by end use, 2014 - 2025

Chapter 8 Competitive Landscape
                   8.1 Deloitte Touche Tohmatsu Limited
                       8.1.1 Company overview
                       8.1.2 Financial performance
                       8.1.3 Product benchmarking
                       8.1.4 Strategic initiatives
                   8.2 KPMG International
                       8.2.1 Company overview
                       8.2.2 Financial performance
                       8.2.3 Product benchmarking
                       8.2.4 Strategic initiatives
                   8.3 PricewaterhouseCoopers (PwC)
                       8.3.1 Company overview
                       8.3.2 Financial performance
                       8.3.3 Product benchmarking
                       8.3.4 Strategic initiatives
                   8.4 Ernst & Young (EY)
                       8.4.1 Company overview
                       8.4.2 Financial performance
                       8.4.3 Product benchmarking
                       8.4.4 Strategic initiatives
                   8.5 Grant Thornton International Ltd.
                       8.5.1 Company overview
                       8.5.2 Financial performance
                       8.5.3 Product benchmarking
                       8.5.4 Strategic initiatives
                   8.6 Binder Dijker Otte (BDO) Global
                       8.6.1 Company overview
                       8.6.2 Financial performance
                       8.6.3 Product benchmarking
                       8.6.4 Strategic initiatives
                   8.7 RSM International Association
                       8.7.1 Company overview
                       8.7.2 Financial performance
                       8.7.3 Product benchmarking
                       8.7.4 Strategic initiatives
                   8.8 Mazars
                       8.8.1 Company overview
                       8.8.2 Product benchmarking
                       8.8.3 Strategic initiatives
                   8.9 Nexia International Limited
                       8.9.1 Company overview
                       8.9.2 Financial performance
                       8.9.3 Product benchmarking
                       8.9.4 Strategic initiatives
                   8.10 Moore Stephens International Limited
                       8.10.1 Company overview
                       8.10.2 Product benchmarking
                       8.10.3 Strategic initiatives

List of Tables

TABLE 1 Financial Auditing Professional Services Market-Industry snapshot & key buying criteria, 2014 - 2025
TABLE 2 Global Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 3 Global Financial Auditing Professional Services Market, by region, 2014 - 2025 (USD Billion)
TABLE 4 Global Financial Auditing Professional Services Market, by type, 2014 - 2025 (USD Billion)
TABLE 5 Global Financial Auditing Professional Services Market, by service, 2014 - 2025 (USD Billion)
TABLE 6 Global Financial Auditing Professional Services Market, by end use, 2014 - 2025 (USD Billion)
TABLE 7 External audit in Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 8 External audit in Financial Auditing Professional Services Market, by region, 2014 - 2025 (USD Billion)
TABLE 9 Internal audit in Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 10 Internal audit in Financial Auditing Professional Services Market, by region, 2014 - 2025 (USD Billion)
TABLE 11 Due diligence in Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 12 Due diligence in Financial Auditing Professional Services Market, by region, 2014 - 2025 (USD Billion)
TABLE 13 Employee benefit plan audit in Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 14 Employee benefit plan audit in Financial Auditing Professional Services Market, by region, 2014 - 2025 (USD Billion)
TABLE 15 Financial statement audit in Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 16 Financial statement audit in Financial Auditing Professional Services Market, by region, 2014 - 2025 (USD Billion)
TABLE 17 Service Organization Control (SOC) audit in Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 18 Service Organization Control (SOC) audit in Financial Auditing Professional Services Market, by region, 2014 - 2025 (USD Billion)
TABLE 19 Others in Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 20 Others in Financial Auditing Professional Services Market, by region, 2014 - 2025 (USD Billion)
TABLE 21 Financial audit professional services in BFSI, 2014 - 2025 (USD Billion)
TABLE 22 Financial audit professional services in BFSI, by region, 2014 - 2025 (USD Billion)
TABLE 23 Financial audit professional services in government, 2014 - 2025 (USD Billion)
TABLE 24 Financial audit professional services in government, by region, 2014 - 2025 (USD Billion)
TABLE 25 Financial audit professional services in manufacturing, 2014 - 2025 (USD Billion)
TABLE 26 Financial audit professional services in manufacturing, by region, 2014 - 2025 (USD Billion)
TABLE 27 Financial audit professional services in healthcare, 2014 - 2025 (USD Billion)
TABLE 28 Financial audit professional services in healthcare, by region, 2014 - 2025 (USD Billion)
TABLE 29 Financial audit professional services in retail & consumer, 2014 - 2025 (USD Billion)
TABLE 30 Financial audit professional services in retail & consumer, by region, 2014 - 2025 (USD Billion)
TABLE 31 Financial audit professional services in IT & telecom, 2014 - 2025 (USD Billion)
TABLE 32 Financial audit professional services in IT & telecom, by region, 2014 - 2025 (USD Billion)
TABLE 33 Financial audit professional services in others end-use, 2014 - 2025 (USD Billion)
TABLE 34 Financial audit professional services in others end-use, by region, 2014 - 2025 (USD Billion)
TABLE 35 North America Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 36 North America Financial Auditing Professional Services Market, by type, 2014 - 2025 (USD Billion)
TABLE 37 North America Financial Auditing Professional Services Market, by service, 2014 - 2025 (USD Billion)
TABLE 38 North America Financial Auditing Professional Services Market, by end use, 2014 - 2025 (USD Billion)
TABLE 39 U.S. Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 40 U.S. Financial Auditing Professional Services Market, by type, 2014 - 2025 (USD Billion)
TABLE 41 U.S. Financial Auditing Professional Services Market, by service, 2014 - 2025 (USD Billion)
TABLE 42 U.S. Financial Auditing Professional Services Market, by end use, 2014 - 2025 (USD Billion)
TABLE 43 Canada Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 44 Canada Financial Auditing Professional Services Market, by type, 2014 - 2025 (USD Billion)
TABLE 45 Canada Financial Auditing Professional Services Market, by service, 2014 - 2025 (USD Billion)
TABLE 46 Canada Financial Auditing Professional Services Market, by end use, 2014 - 2025 (USD Billion)
TABLE 47 Europe Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 48 Europe Financial Auditing Professional Services Market, by type, 2014 - 2025 (USD Billion)
TABLE 49 Europe Financial Auditing Professional Services Market, by service, 2014 - 2025 (USD Billion)
TABLE 50 Europe Financial Auditing Professional Services Market, by end use, 2014 - 2025 (USD Billion)
TABLE 51 U.K. Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 52 U.K. Financial Auditing Professional Services Market, by type, 2014 - 2025 (USD Billion)
TABLE 53 U.K. Financial Auditing Professional Services Market, by service, 2014 - 2025 (USD Billion)
TABLE 54 U.K. Financial Auditing Professional Services Market, by end use, 2014 - 2025 (USD Billion)
TABLE 55 Germany Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 56 Germany Financial Auditing Professional Services Market, by type, 2014 - 2025 (USD Billion)
TABLE 57 Germany Financial Auditing Professional Services Market, by service, 2014 - 2025 (USD Billion)
TABLE 58 Germany Financial Auditing Professional Services Market, by end use, 2014 - 2025 (USD Billion)
TABLE 59 Asia Pacific Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 60 Asia Pacific Financial Auditing Professional Services Market, by type, 2014 - 2025 (USD Billion)
TABLE 61 Asia Pacific Financial Auditing Professional Services Market, by service, 2014 - 2025 (USD Billion)
TABLE 62 Asia Pacific Financial Auditing Professional Services Market, by end use, 2014 - 2025 (USD Billion)
TABLE 63 China Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 64 China Financial Auditing Professional Services Market, by type, 2014 - 2025 (USD Billion)
TABLE 65 China Financial Auditing Professional Services Market, by service, 2014 - 2025 (USD Billion)
TABLE 66 China Financial Auditing Professional Services Market, by end use, 2014 - 2025 (USD Billion)
TABLE 67 India Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 68 India Financial Auditing Professional Services Market, by type, 2014 - 2025 (USD Billion)
TABLE 69 India Financial Auditing Professional Services Market, by service, 2014 - 2025 (USD Billion)
TABLE 70 India Financial Auditing Professional Services Market, by end use, 2014 - 2025 (USD Billion)
TABLE 71 Japan Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 72 Japan Financial Auditing Professional Services Market, by type, 2014 - 2025 (USD Billion)
TABLE 73 Japan Financial Auditing Professional Services Market, by service, 2014 - 2025 (USD Billion)
TABLE 74 Japan Financial Auditing Professional Services Market, by end use, 2014 - 2025 (USD Billion)
TABLE 75 Latin America Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 76 Latin America Financial Auditing Professional Services Market, by type, 2014 - 2025 (USD Billion)
TABLE 77 Latin America Financial Auditing Professional Services Market, by service, 2014 - 2025 (USD Billion)
TABLE 78 Latin America Financial Auditing Professional Services Market, by end use, 2014 - 2025 (USD Billion)
TABLE 79 Brazil Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 80 Brazil Financial Auditing Professional Services Market, by type, 2014 - 2025 (USD Billion)
TABLE 81 Brazil Financial Auditing Professional Services Market, by service, 2014 - 2025 (USD Billion)
TABLE 82 Brazil Financial Auditing Professional Services Market, by end use, 2014 - 2025 (USD Billion)
TABLE 83 MEA Financial Auditing Professional Services Market, 2014 - 2025 (USD Billion)
TABLE 84 MEA Financial Auditing Professional Services Market, by type, 2014 - 2025 (USD Billion)
TABLE 85 MEA Financial Auditing Professional Services Market, by service, 2014 - 2025 (USD Billion)
TABLE 86 MEA Financial Auditing Professional Services Market, by end use, 2014 - 2025 (USD Billion)

List of Figures

FIG. 1 Market segmentation and scope
FIG. 2 Global financial auditing professional services market, 2014 - 2025 (USD Billion)
FIG. 3 Financial auditing professional services market-Value chain analysis
FIG. 4 Key opportunities prioritized
FIG. 5 Financial auditing professional services market-Key company market share analysis, 2017
FIG. 6 Financial auditing professional services-Porter's five forces analysis
FIG. 7 Financial auditing professional services-PESTEL analysis
FIG. 8 Financial auditing professional services market, by type, 2017
FIG. 9 Financial auditing professional services market, by service, 2017
FIG. 10 Financial auditing professional services market, by end-use, 2017
FIG. 11 Financial auditing professional services market, by region, 2017
FIG. 12 Financial auditing professional services market-Regional takeaways
FIG. 13 North America financial auditing professional services market-Key takeaways
FIG. 14 Europe financial auditing professional services market-Key takeaways
FIG. 15 Asia Pacific financial auditing professional services market-Key takeaways
FIG. 16 Latin America financial auditing professional services market-Key takeaways
FIG. 17 MEA financial auditing professional services market-Key takeaways