Product Code: GVR-2-68038-750-6
Financial Auditing Professional Services Market Growth & Trends:
The global financial auditing professional services market size is estimated to reach USD 228.87 billion by 2030, registering a CAGR of 6.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. Introduction of stringent laws and regulations pertaining to auditing and reporting of financial statements by corporates and enterprises is estimated to drive the market over the forecast period.
Changing auditing and reporting practices and trade policies are playing a pivotal role in the growth of the global financial auditing professional market. Accounting, consulting, and auditing firms are responding to situations by aggressively deploying additional resources in order to improve their service delivery models in line with rapidly changing requirements of their clients. They have developed highly-customized service delivery models by combining shared services delivery model, offsite delivery model, offshore development center model, and onsite delivery model in order to meet clients' requirements as well as to comply with regulatory norms.
Financial audit professional service providers are acquiring technology-based companies in order to develop advanced data analytics capabilities. For instance, in 2018, PricewaterhouseCoopers Hungary Ltd. acquired Data Solutions Kft., a data mining company, as part of efforts to focus on development of data-based products and solutions while Deloitte Touche Tohmatsu Limited acquired Mexia Consulting Pty Ltd, a Microsoft Azure integration consultancy, in order to augment cloud service offerings. Data analytics services are expected to emerge as new sources for revenue generation that can support core business of auditing firms.
Financial Auditing Professional Services Market Report Highlights:
- The external audits type segment dominated the market with a revenue share of 70.4% in 2024, primarily driven by the increasing need for independent financial verification to meet stringent regulatory requirements.
- The internal audits segment are expected to grow at a CAGR of 7.9% over the forecast period, owing to their critical role in risk management, fraud detection, and operational improvement.
- Based on offering, the employee benefit plan audits segment is expected to grow at a fastest CAGR of 8.9% over the forecast period, due to heightened regulatory scrutiny and the need for compliance with laws.
- By end-use, the BFSI sector held the largest revenue share of 33.7% in 2024, driven by stringent regulatory requirements, increasing fraud risks, and the complexity of financial transactions.
- The North America dominated the global market and accounted for the largest revenue share of 37.1% in 2024, attributed to the region's robust regulatory frameworks and the presence of multinational corporations
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Financial Auditing Professional Services Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Drivers Analysis
- 3.2.2. Market Restraints Analysis
- 3.2.3. Industry Challenges
- 3.3. Financial Auditing Professional Services Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining Power of the Suppliers
- 3.3.1.2. Bargaining Power of the Buyers
- 3.3.1.3. Threats of Substitution
- 3.3.1.4. Threats from New Entrants
- 3.3.1.5. Competitive Rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political Landscape
- 3.3.2.2. Economic and Social Landscape
- 3.3.2.3. Technological Landscape
- 3.3.2.4. Environmental Landscape
- 3.3.2.5. Legal Landscape
Chapter 4. Financial Auditing Professional Services Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Financial Auditing Professional Services Market: Type Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. External Audit
- 4.3.1. External Audit Financial Auditing Professional Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Internal Audit
- 4.4.1. Internal Audit Financial Auditing Professional Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Financial Auditing Professional Services Market: Offering Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Financial Auditing Professional Services Market: Offering Movement Analysis, 2024 & 2030 (USD Million)
- 5.3. Due Diligence
- 5.3.1. Due Diligence Financial Auditing Professional Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Employee Benefit Plan Audit
- 5.4.1. Employee Benefit Plan Audit Financial Auditing Professional Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Financial Statement Audit
- 5.5.1. Financial Statement Audit Financial Auditing Professional Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Service Organization Control (SOC) Audit
- 5.6.1. Service Organization Control (SOC) Audit Financial Auditing Professional Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Others
- 5.7.1. Others Financial Auditing Professional Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Financial Auditing Professional Services Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Financial Auditing Professional Services Market: End Use Movement Analysis, 2024 & 2030 (USD Million)
- 6.3. BFSI
- 6.3.1. BFSI Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Government
- 6.4.1. Government Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Manufacturing
- 6.5.1. Manufacturing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Healthcare
- 6.6.1. Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Retail & Consumer
- 6.7.1. Retail & Consumer Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8. IT & Telecommunication
- 6.8.1. IT & Telecommunication Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.9. Others
- 6.9.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Financial Auditing Professional Services Market: Regional Estimates & Trend Analysis
- 7.1. Financial Auditing Professional Services Market Share, By Region, 2024 & 2030 (USD Million)
- 7.2. North America
- 7.2.1. North America Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. UK
- 7.3.2.1. UK Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Japan Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. India Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. Australia
- 7.4.5.1. Australia Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. South Korea
- 7.4.6.1. South Korea Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. UAE
- 7.6.2.1. UAE Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Saudi Arabia Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.4. South Africa
- 7.6.4.1. South Africa Financial Auditing Professional Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles
- 8.4.1. Deloitte
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. KPMG
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. Plante Moran
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. Grant Thornton
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. CohnReznick
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. PricewaterhouseCoopers
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. McGladrey
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. Baker Tilly
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. BDO
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. Mazars
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Strategic Initiatives
- 8.4.11. Ernst and Young
- 8.4.11.1. Participant's Overview
- 8.4.11.2. Financial Performance
- 8.4.11.3. Product Benchmarking
- 8.4.11.4. Strategic Initiatives
- 8.4.12. RSM International
- 8.4.12.1. Participant's Overview
- 8.4.12.2. Financial Performance
- 8.4.12.3. Product Benchmarking
- 8.4.12.4. Strategic Initiatives
- 8.4.13. Protiviti
- 8.4.13.1. Participant's Overview
- 8.4.13.2. Financial Performance
- 8.4.13.3. Product Benchmarking
- 8.4.13.4. Strategic Initiatives