The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Financial Auditing Professional Services Global Market Report 2024, the financial auditing professional services market is expected to show significant growth in the forecast period.

Strong Growth and Projections

• The financial auditing professional services market has experienced robust expansion in recent years.
• Estimated to increase from $143.31 billion in 2023 to $153.42 billion in 2024, with a 7.1% CAGR.
• Forecasted to reach $206.64 billion by 2028, boasting a 7.7% CAGR.
• Growth attributed to regulatory compliance, globalization, corporate governance, and past financial scandals.

Impact of Banking Fraud

• Rising instances of banking fraud are set to drive growth in financial auditing professional services.
• Banking fraud involves intentional deception to gain unauthorized access to information or deny others their rights.
• Financial auditing services mitigate banking fraud risks by preventing misreporting and managing financial risks.
• According to the Reserve Bank of India, reported fraud cases increased by 23.69%, from 7,359 in 2020-21 to 9,103 in 2022.

View More On The Financial Auditing Professional Services Market Report 2024 – https://www.thebusinessresearchcompany.com/report/financial-auditing-professional-services-global-market-report

AI-Driven Audit Solutions

• Major companies in the financial auditing market are leveraging AI for audit solutions.
• AI tools like ClaimPilot streamline healthcare claim audits, increasing efficiency and revenue.
• Codoxo’s ClaimPilot, launched in July 2023, automates audits for complex healthcare claims, reducing processing times and claim value restrictions.

Strategic Mergers Enhancing Market Presence

• RSM Brazil’s merger with Pemom in May 2022 strengthens its position in the market.
• Pemom brings expertise in audit, tax, HR, employment solutions, and risk advisory services.
• The merger enhances RSM Brazil’s footprint in Brazil and bolsters its service offerings across sectors.

Market Segmentation

• Services in the financial auditing market include employee benefit plan audits, SOC audits, financial statement audits, due diligence, and other services.
• Types of audits range from external to internal audits.
• End-use sectors encompass BFSI, government, manufacturing, healthcare, retail, IT, telecom, and others.

Regional Dynamics

• North America dominated the financial auditing market in 2023.
• Asia-Pacific is anticipated to be the fastest-growing region, reflecting evolving market demands and emerging economies.

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The Financial Auditing Professional Services Global Market Report 2024  provides an in-depth analysis on the financial auditing professional services market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the financial auditing professional services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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