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Audit Services Procurement Research Report | Published: Jul 2015

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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If your company is looking to save time and money during the initial stages of the buying process, IBISWorld’s Audit Services procurement research will provide you with the tools necessary to do just that. This report breaks down the data and analysis behind buying Audit Services, such as pricing dynamics, supply chain risks and external demand drivers. Your company will also gain expert negotiation tactics to help gain leverage when working with suppliers.

Report Snapshot
Price Forecast & Benchmarking
Benchmark Price
Benchmark Price
Price Change 12-15
IBISWorld Buyer
Power Score
Profit Benchmark
Profit Benchmark
Price Change 15-18
Price Change
Audit Services - Recent Price Trend

In the three years to 2015, the price of audit services has been growing at an estimated annualized rate of 3.1%. Price volatility has been low during the period, limiting the risk of sudden fluctuations in price. Audit prices are primarily shaped by conditions in downstream markets as well as external demand and input cost drivers.During the past three years, input costs have had a negligible... purchase to read more

Audit Services - Total Cost of Ownership

There are few hidden costs of ownership associated with procuring audit services. As such, the total cost of ownership is low, where these costs account for less than 50.0% of the benchmark purchase price per year. Acquisition costs can be substantial in the first year, though, given the staff time devoted to identifying and selecting a supplier. Moreover, new audit suppliers are likely to... 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 attest to compliance with generally accepted accounting practices. Auditors are usually part of offices of certified public accountants (CPAs) and provide auditing for 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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