Overview

IBISWorld’s Audit Services Procurement Research Report offers purchasing insight into the Audit Services market. Our analysis dissects pricing trends and the supply chain, including highlighting key suppliers and their financial benchmarks. The report also provides key pieces of take-away intelligence, such as negotiation question preparation and a buying decision scorecard, which includes factors weighted according to their importance in the decision-making process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Audit Services - Recent Price Trend

The price of audit services has been rising at an estimated annualized rate of 0.6% in the three years to 2017. However, rates for services have changed steadily year over year on the back of strong competition among auditors during this period. In particular, auditors have been deterred from adjusting rates for services too rapidly for fear that their clients may defect to competing firms. As a...

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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, whereby additional costs account for less than 50.0% of the benchmark purchase price per year. Acquisition costs can be substantial in the first year, however, given the time required to identify and select a supplier. Moreover, new audit suppliers are likely to require...

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About this Report

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 entirely independent of the companies or organizations they audit. Vendors should present an unbiased and skeptical evaluation of the audited company’s financial condition and statements for shareholders and other interested parties. Auditors are usually part of offices of certified public accountants (CPAs) and provide auditing for financial statements and advice on matters related to accounting. This report does not include tax accounting services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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