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Audit Services Procurement Research Report | Published: Feb 2016

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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The Audit Services procurement report contains data and analysis of current and future trends when buying goods and services. IBISWorld’s in-depth procurement research is always presented in a logical and consistent format for easy reference throughout a company. The Audit Services Procurement Research Report contains growth forecasts for a three-year outlook period and supplier profit benchmarks so your company can make the right purchasing decision.

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

In the three years to 2016, the price of audit services has been growing at an estimated annualized rate of 1.8% with low volatility, which has benefited buyers by keeping price growth steady and allowing buyers to accurately budget for services. Audit service prices are primarily shaped by conditions in downstream markets, as well as external demand and input cost drivers.During the past three... 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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