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Audit Services Procurement Research Report | Published: Oct 2013

Helping businesses make better purchasing decisions, faster

Audit Services: Procurement Research Report Highlights

Benchmark Price RFP/RFQ/Negotiation Questions
3-year Price Forecast Supply Chain Analysis
Supplier Intelligence Sample Buyer Decision Scorecard
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IBISWorld’s Audit Services Procurement Research Report helps simplify the purchasing process. This report provides tools such as pricing trends and forecasts, supplier benchmarks and negotiation questions to help you work with internal stakeholders and executives to manage the procurement process for your company. With this information, your company will be able to make credible and knowledgeable decisions regarding purchasing Audit Services.

Report Snapshot
Price Forecast & Benchmarking
Benchmark Price
Benchmark Price
Price Change 10-13
IBISWorld Buyer
Power Score
X.X
Profit Benchmark
Profit Benchmark
Price Change 10-13
Price Change
Audit Services - Recent Price Trend

The recent price trend has been positive for buyers, as audit prices have been falling over the three years to 2013. After bullish price rises from 2004 to 2007, the average price for audit services has been declining from 2010 to 2013. While demand for countercyclical work, such as insolvency and liquidation services, helped keep auditors in business during the financial crisis, reduced demand... purchase to read more

Audit Services - Total Cost of Ownership

There are no hidden costs of ownership associated with buying audit services. As such, total cost of ownership is low. Acquisition costs can be reasonably high in the first year, though, given the staff time devoted to selecting a supplier. Moreover, new audit suppliers are likely to require staff time to learn about the business. At every audit period, the auditor will take a significant... purchase to read more

 


About This ReportRelated ReportsTable of Contents

This report is intended to assist buyers of audit services. Audit service providers are accountants certified to review the accounting records of public and private organizations and to attest to compliance with generally accepted accounting practices. Auditors are generally part of offices of certified public accountants (CPAs) and provide auditing financial statements and advice on matters related to accounting. Auditors are expected to be entirely independent of the companies or organizations they audit. They should present an unbiased and skeptical evaluation of the audited company’s financial condition and statements for shareholders and other interested parties. This report does not include tax accounting services.



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