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Audit Services Procurement Research Report | Published: Apr 2017

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 14-17
IBISWorld Buyer
Power Score
X.X
Profit Benchmark
Profit Benchmark
Price Change 17-20
Price Change
Audit Services - Recent Price Trend

The price of audit services has been rising at an estimated annualized rate of 0.5% 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... 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, 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, though, given the time required to identify and select a supplier. Moreover, new audit suppliers are likely to require... 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 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.



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