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Audit Services in the US Procurement Price, Data and Insights
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.
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What’s included in this market coverage
IBISWorld's research coverage on the Audit Services procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Audit Services market in the United States includes Audit Services for a Non-Accelerated Filer, Audit Services for a Accelerated Filer and Audit Services for a Large Accelerated Filer. Standard coding in this coverage includes ISIC-692-Accounting, bookkeeping and auditing activities; tax consultancy, NACE-69.20-Accounting, Bookkeeping And Auditing Activities; Tax Consultancy, NAICS-541211-Offices of Certified Public Accountants and UNSPSC-84111600-Audit services.
What common market terminology is included?
Common market terminology included in the Audit Services procurement coverage includes Big Four (Refers to the largest international firms in accountancy and professional services, including services like audit, consulting and corporate finance; these firms are KPMG, PricewaterhouseCoopers, Ernst & Young and Deloitte & Touche.), Generally Accepted Accounting Principles (GAAP) (A set of common accounting rules and standards that businesses adhere to when reporting their financial statements.) and Initial Public Offering (Refers to a private company becoming public by issuing stock.).
What companies are included as top suppliers?
The top companies covered in the Audit Services procurement report as suppliers are Cohnreznick Llp, Cliftonlarsonallen Llp, Bdo Usa, Llp, Baker Tilly Virchow Krause, Llp and Forvis Mazars Group SC.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Audit Services market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per company, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Audit Services market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Audit Services procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Audit Services market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Audit Services market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Audit Services?
The 2026 benchmark market price for Audit Services is $3260000 per company. Prices have increased at a CAGR of 2.36 from 2023-26.
Who are the top vendors in the Audit Services market?
The top vendors in the Audit Services market include Cohnreznick Llp, Cliftonlarsonallen Llp, Bdo Usa, Llp, Baker Tilly Virchow Krause, Llp and Forvis Mazars Group SC.
What industries supply the Audit Services market?
The top industries supplying the Audit Services market are Commercial Real Estate in the US, Real Estate Sales & Brokerage in the US, Computer & Packaged Software Wholesaling in the US, Computer Manufacturing in the US, Office Stationery Wholesaling in the US and Office Stationery Manufacturing in the US.
What is the supply chain risk for Audit Services?
Market share concentration limits bargaining power but offers stability for buyers. Audit services involves a high level of market share concentration. The top four firms, including Deloitte, EY, PwC and KPMG, account for over 60.0% of market revenue, which indicates a high level of concentration that restricts negotiating power with major service providers. However, buyers may be able to secure more competitive pricing from smaller and mid-size suppliers.
What factors affect the price of Audit Services?
Audit services that involve reviewing additional supplementary information cost more than audit services that only involve reviewing core financial statements because this means more work for auditors.
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