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(USGovernment-News.Com, August 07, 2018 ) Process audit services market includes audits which involves the assessment of the efficiency, effectiveness and economy of an organization's use of resources.
The global process audit services market was valued at $21 billion in 2017. The emergence of blockchain technology is trending in the process audit services market. A blockchain refers to a distributed ledger which has the relevant details for every transaction that has ever been processed. This technology is used to verify the reported transactions which helps to bring cost efficiencies in the process audit environment. It also saves time.
The USA was the largest country in the market, accounting for more than three-tenth of the global process audit services market share. This was mainly due to the presence of a large number commercial establishments seeking accounting, legal, and management consulting, advertising and other professional services. The USA was followed by China and India as the next largest countries in the market.
The top five competitors in the process audit services market are PWC, Deloitte, Ernst & Young, and KPMG.
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