Procurement Market Intelligence Report
Audit Services
Sourcing Guide & Market Intelligence
Smarter cost management starts with comprehensive market intelligence
United States
Canada
Europe
Global
Quick Navigation
Audit Services Global Overview
Definition
Summary
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 Includes:
- Accounting Record Reviewal
- Accounting Compliance Analysis
Not in this Report:
- Tax Accounting Services
- Business Credit Reporting Services
Global Audit Services Procurement Trends
Discover the top international trends affecting procurement in the global Audit Services market.
Warning Trends
Public sector demand slumps as the government enters shutdown
- On October 1, the US federal government entered a shutdown after negotiations for a new appropriations bill failed.
- During a government shutdown, essential federal government operations, such as law enforcement, air-traffic control, and social security, persist, while nonessential operations are paused and workers involved in these operations are furloughed. Thus, the current shutdown is expected to result in 750,000 federal workers being furloughed, representing a $400 million reduction in daily expenditure by the federal government.
- This significant reduction in federal spending and operations will affect the entire US economy, weakening aggregate demand and slowing economic growth. For example, the 35-day government shutdown in Q1, 2019, reduced aggregate demand in both the public and private sectors, resulting in a 0.2% reduction in GDP growth that quarter.
- The effects of the shutdown are likely to be most acute in markets where the public sector is a major buyer segment, weakening demand and increasing average vendor risk by destabilizing important revenue streams.
- As negotiations for a new appropriations bill to reopen the government remain ongoing, ProcurementIQ will continue to monitor the situation and update this story with the latest information.
Fed lowers rates for the first time in 2025
- On September 17, the Federal Reserve’s Federal Open Market Committee (FOMC) voted to lower interest rates to a target range of 4.0% to 4.25%, down 0.25% from the rate it had been holding since November of last year.
- Despite indications at the start of the year that steady reductions to the relatively high 4.25% to 4.5% rate were on the horizon, the Fed held off on rate cuts for much of the year due to concerns that the combination of higher tariffs and a reduction in borrowing costs could cause rebounding inflation.
- The September cut to Fed interest rates signals a shift in this strategy, indicating that the Fed now considers weakening employment figures a greater threat than inflation. As a result, FOMC officials have also signaled that two additional rate cuts are likely before the end of the year in an effort to fight unemployment and stimulate the economy.
- Declining Fed funds rates will provide relief to borrowers by lowering the market interest rates for consumer and business loans. This reduction in the cost of borrowing will reduce the cost of many banking and financial services, and may spur increases in demand across the economy.
Global Audit Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 Europe | 51,305 |
| #2 China | 45,025 |
| #3 United States | 32,000 |
Explore supplier concentration across the globe
We've uncovered the 11 top regions for global procurement, based on feedback from our most strategic clients. Access vendor counts for each unique region when you subscribe.
2
Geography Drilldown - US, Canada & Europe
Average Cost of Audit Services
United States
2026 Market Pricing$403,000.00 to $X,XXX,XXX.XX
per companyCanada
Europe
Average Price
Prices in the Audit Services market range from $403,000.00 to $X,XXX,XXX.XX, depending on Scope, Complexity, Qualifications and Location. For example, lower prices are associated with Services focused on key financial statements, including income, balance sheet, and cash flows, whereas higher prices are associated with Services focused on additional, supplementary information.
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Audit Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Audit Services market, prices in the US have grown 2.2% from 2022 to 2025. and +3.5% in Europe.
United States (2022-2025)
Canada (2017-2020)
Compound Annual Growth Rate
Europe (2022-2025)
Compound Annual Growth Rate
Wondering where prices are heading?
Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Audit Services
Total cost of ownership is Low in the Audit Services market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Downtime may raise the total cost of ownership unexpectedly.
Negotiated Before
Set Up Fees
Billed During
Travel
Unforeseen
Downtime
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -1.5 in the United States. Buyer power is most positively impacted by Recent Developments. It is most negatively impacted by Supply Chain Risk. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Canada
Europe
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Very Low, which has a positive impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Computer & Packaged Software Wholesalers
- Commercial Real Estate Lessors
- Office Stationery Wholesalers
2nd
Tier Suppliers
- Computer Manufacturers
- Real Estate Sales & Brokerage Firms
- Office Stationary Manufacturers
Biggest Audit Services Suppliers in the US by Revenue
The largest Audit Services vendors by revenue in the US are RSM US LLP, CBIZ Inc. and Bdo Usa, Llp. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| EY | Global | London, UK | >10,000 | 10-15 | ||||
| Pricewaterhousecoopers Llp | Global | London, UK | >10,000 | 10-15 | ||||
| Deloitte Touche Tohmatsu | Global | London, UK | >10,000 | 15-20 | ||||
| KPMG International Limited | Global | Amstelveen, NL | >10,000 | 5-10 | ||||
| Bdo Usa, Llp | Global | US | < 5 | |||||
| Grant Thornton Llp | Global | London, UK | >10,000 | < 5 | ||||
| Moss Adams LLP | National | Seattle, WA | 1,001-10,000 | < 5 | ||||
| RSM US LLP | Global | Chicago, IL | >10,000 | < 5 | ||||
| CBIZ Inc. | National | INDEPENDENCE, OH | 1,001-10,000 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Audit Services market is 15.5% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Wages. The cost trend for this component is rising, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
The top four companies in the market account for 30.0% to 50.0% of market revenue, which indicates a moderate level of market share concentration. This can limit negotiating power when dealing with larger suppliers; however, buyers are able to leverage smaller and mid-size suppliers on the basis of price.
Buyers are not expected to experience any substantial price increases or service disruptions as a result of supply chain risk, as most inputs in this market come from computer and software wholesalers, which have a low amount of risk involved.
Vendors in the market have high profit margins and a low level of financial risk, which decreases the risk associated with service disruption and vendor insolvency or bankruptcy.
The United States is a net importer of computers, meaning it imports more computers than it exports. While lower manufacturing costs abroad drive down prices for imported computers, relying on imports can lead to potential shortages or price increases if there are supply chain disruptions due to geopolitical tensions, trade disputes, or global crises
Supplier Information
EY
EY is a private company operating globally in the mining, finance & insurance, professional, scientific & technical services and administration, business support and waste management services sectors. The company's offerings include oil & gas field consulting services, management consulting services, environmental,... Subscribe to learn more
Pricewaterhousecoopers Llp
Pricewaterhousecoopers Llp is a private company operating globally in the finance & insurance, professional, scientific & technical services, administration, business support and waste management services and educational services sectors. The company's offerings include management consulting services, environmental,... Subscribe to learn more
Deloitte Touche Tohmatsu
Deloitte Touche Tohmatsu is a private company operating globally in the mining, finance & insurance, professional, scientific & technical services, administration, business support and waste management services and educational services sectors. The company's offerings include oil & gas field consulting services,... Subscribe to learn more
KPMG International Limited
KPMG International Limited is a private company operating globally in the mining, finance & insurance, professional, scientific & technical services and administration, business support and waste management services sectors. The company's offerings include oil & gas field consulting services, management consulting... Subscribe to learn more
Bdo Usa, Llp
Bdo Usa, Llp is a private company operating globally in the professional, scientific & technical services and administration, business support and waste management services sectors. The company's offerings include business valuation services, merger & acquisition consulting services, e-discovery consulting... Subscribe to learn more
BKD LLP
BKD LLP is a private company operating nationally in the professional, scientific & technical services sector. The company's offerings include audit services. Founded in 1923, the company is currently headquartered in Springfield, Missouri, United States of America with an estimated 5500 employees. Subscribe to learn more
CBIZ Inc.
CBIZ Inc. is a public company operating nationally in the information, real estate and rental and leasing and professional, scientific and technical services sectors. The company's offerings include tax preparation software, business valuation services, real estate appraisal services, tax accounting services... Subscribe to learn more
Cliftonlarsonallen Llp
Cliftonlarsonallen Llp is a private company operating nationally in the professional, scientific & technical services sector. The company's offerings include accounting services and audit services. Founded in 1960, the company is currently headquartered in Minneapolis, Minnesota, United States of America Subscribe to learn more
Cohnreznick Llp
Cohnreznick Llp is a private company operating internationally in the professional, scientific & technical services sector. The company's offerings include accounting services, tax accounting services and audit services. Founded in 1919, the company is currently headquartered in New York, New York, United... Subscribe to learn more
Accelerate the vendor selection process
Get a clear picture of the competition in a market and discover which vendors are best-suited for your sourcing needs. Our supplier profiles include hard-to-find financial ranges for private companies, cover public company data and feature an interactive competitor matrix.
Procurement Management KPIs for the Audit Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) and Employee Retention Rate. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Qualifications and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
Total revenue Expenses |
EDITDA represents revenue before interest, taxes, and other expenses are paid. EBITDA can be used as an indicator to assess operational efficiency of a vendor as well as financial risk. |
| Employee Retention Rate |
|
Number of employees at the start of period Number of employees at the end of period |
The employee retention rate represents the share of employees that the company is able to retain over time. The employee retention rate can be used to estimate turnover and costs associated with turnover. This rate my also be used to measure the likelihood of retaining quality employees. |
|
|||
Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Experience and Expertise
How well do you know the industry in which we operate? What are your previous engagements in this sector, if any?
What third-party sources do you use to keep abreast of changes, business models and risks in my industry?
Value-Added Services
How do you balance advisory work with your audit work?
Do you struggle to keep specialist staff in audit roles when advisory business is growing so quickly?
Reputation
Have any of your audits been reviewed by the PCAOB or been peer reviewed? Can you provide more details?
What quality-control procedures do you implement?
The ultimate prep for procurement negotations
View all 29 negotiation questions for this category when you subscribe.
Audit Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should give an overview of their organizations (location, products and services offered, corporate governance, revenue mix, funding, etc.).
Buyers should include a description of their existing accounting department, including key personnel and current accounting standards (e.g. GAAP).
Statement Of Need
Buyers should outline their service requirements (i.e. breadth of services, length of the contract period and fiscal year(s) to be audited).
Buyers should define the entity to be audited (e.g. entire organization or specific department).
Project Budget
Buyers should include the budget for the contract.
Buyers should include a list of other expenses they will cover.
The RFP process made easy
Find out how you can access RFP templates for 800+ procurement categories to start writing better, more consistent RFPs.
We display average pricing information, trends and market data.
Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
