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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