Global Forensic Audit Market Opportunities and Strategies Report 2019-2022 Featuring Ernst & Young Global, PwC, Deloitte Touche Tohmatsu, KPMG and BDO Global – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Forensic Audit Global Market Opportunities And Strategies To 2022” report has been added to ResearchAndMarkets.com’s offering.

The global forensic audit market reached a value of nearly $11.4 billion in 2018, having grown at a compound annual growth rate (CAGR) of 5.8% since 2014. It is expected to grow at a compound annual growth rate (CAGR) of 7.2% to nearly $15.0 billion by 2022.

This report describes and evaluates the global forensic audit market. It covers two five-year periods, 2014 to 2018, termed the historic period and 2018 through 2022, the forecast period.

Growth in the historic period resulted from increased corporate fraudulent activities and outsourcing of back-end operations to low-cost economies. Factors that negatively affected growth in the historic period were stringent government policies and political and social instability. Going forward, public private collaborations and technological developments will drive the growth. Factors that could hinder the growth of the forensic audit market in future include skill shortages and the emergence of in-house audit teams.

The forensic audit market is segmented by end use industry into financial services, mining and oil and gas, manufacturing, healthcare, other services, and others. Financial services were the largest segment of the forensic audit market by end use industry in 2018 at 38.5%. The financial services segment is also expected to grow at the highest CAGR of 8.3%.

The forensic audit market is also segmented by type of investigation into the event and data analysis, regulatory investigations, cross border investigations, corruption and bribery investigation, accounting, malpractice and securities investigation, and other forensic audit services. Event and data analysis was the largest segment of the forensic audit market by type of investigation in 2018 at 18.1%. The event and data analysis segment are also expected to grow at the highest CAGR of 8.8%.

North America was the largest market for a forensic audit, accounting for 42.0% of the global market in 2018. It was followed by Western Europe, Asia-Pacific and then other regions. Going forward, Asia-Pacific will be the fastest-growing region in the forensic audit market, at a CAGR of 11.0%. This will be followed by Africa and Eastern Europe, where the markets are expected to grow at CAGRs of 9.8% and 8.6% respectively.

The forensic audit market is highly concentrated with a few large players dominating the market. The top ten competitors in the market made up to 71.9% of the market in 2018. Major players include Ernst & Young Global Limited, PwC, Deloitte Touche Tohmatsu Limited, KPMG International and BDO Global.

The global auditing services market, of which the forensic audit market is a segment, reached a value of nearly $223.5 billion in 2018, having grown at a compound annual growth rate (CAGR) of 6.4% since 2014, and is expected to grow at a CAGR of 7.6% to nearly $299.4 billion by 2022. The external audit services market was the largest segment of the auditing services market and were worth $65.3 billion globally. It has grown at a CAGR of 7.9% during the historic period and is expected to grow at a CAGR of 9.2% during the forecast period. The forensic audit segment was the eighth largest segment of the auditing services market accounting for 5.1% of the total in 2018.

The top opportunities in the global forensic audit market by end-use industry will arise in the financial services segment, which will gain $1.64 billion of global annual sales by 2022. The top opportunities in the global forensic audit market by type of investigation will arise in the event and data analysis segment, which will gain $0.83 billion of global annual sales by 2022. The forensic audit market will gain the most in the USA at $0.74 billion. Market-trend-based strategies for the forensic audit market include the use of artificial intelligence to detect frauds to save costs, and the adoption of blockchain technology to improve audit services. Player-adopted strategies in the forensic audit market include investing in geographical expansion, expanding the service offerings, and strengthening the business through mergers and acquisitions.

Key Topics Covered:

1. Forensic Audit Market Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction

  • Segmentation By Geography
  • Segmentation By End-Use Industry
  • Segmentation By Type Of Investigation

7. Forensic Audit Market Characteristics

  • Market Definition
  • Market Segmentation By End-User Industry
  • Financial Services
  • Mining, And Oil And Gas
  • Manufacturing
  • Healthcare
  • Other Services
  • Others
  • Market Segmentation By Type Of Investigation
  • Event And Data Analysis
  • Regulatory Investigations
  • Cross Border Investigations
  • Corruption And Bribery Investigation
  • Accounting Malpractice And Securities Investigations
  • Other Forensic Audit

8. Forensic Audit Market, Supply Chain Analysis

  • Resources
  • Forensic Audit Services Providers
  • Other Service Providers
  • End-Users

9. Forensic Audit Market Service Analysis – Services Examples

10. Forensic Audit Market Customer Information

  • Forensic Accounting Is Mostly Needed In Fraud Prevention And Detection Area
  • Analytical Traits Are Mainly Required For A Forensic Accountant
  • Increasing Demand For Forensic Audit And Valuation Services
  • Rise In Corporate Bankruptcies
  • Complex Scrutiny And High Competition Affecting Forensic And Valuation Professionals

11. Forensic Audit Market – Major Cases

  • IL& FS Case
  • China’s Drug Makers Scandal
  • Nirav Modi-PNB Scam
  • $3 Billion Banking Fraud In China
  • Anbang Insurance Group Scandal
  • Facebook-Cambridge Analytica Scandal
  • Rabobank’s Money Laundering
  • Simon George and Sons’ Fraud
  • Najam Shah Mortgage Fraud
  • Kingfisher Airlines Scam
  • The Kobe Steel Scandal
  • Escrow Scandal
  • Mitsubishi Motors scandal
  • Toshiba’s Accounting Scandal
  • Money Laundering Network
  • Tatfondbank Collapses
  • SK Bank Fraud
  • Defrauding Government with Dollar Futures Market
  • Operation Car Wash
  • Iranian Embezzlement Scandal
  • VBS Bank Scandal

12. Forensic Audit Market – New Technologies

  • Blockchain In Auditing
  • Blockchain Technology To Transform Forensic Audits
  • Forensic Auditing And Artificial Intelligence (AI)
  • Use Of Artificial Intelligence in Detecting Frauds

13. Forensic Audit Market Trends And Strategies

  • Enabling Improved Governance And Conduct
  • Use Of Social Media Analytics In Forensic Audits
  • Use Of Drones To Boost Forensic Audits
  • Use Of Robotic Process Automation (RPA)
  • Use Of Big Data Analytics

14. Forensic Audit Market Opportunity Assessment, PESTEL Analysis

  • Political
  • Economic
  • Social
  • Technological
  • Environmental
  • Legal

15. Global Forensic Audit Market Size And Growth

  • Historic Market Growth, Value ($ Billion)
  • Drivers Of The Market 2014-2018
  • Restraints On The Market 2014-2018
  • Forecast Market Growth, Value ($ Billion)
  • Drivers Of The Market 2018-2022
  • Restraints On The Market 2018-2022

16. Forensic Audit Market, Regional And Country Analysis

  • Global Forensic Audit Market, 2018, By Region, Value ($ Billion)
  • Global Forensic Audit Market, 2014 – 2022, Historic And Forecast, By Region
  • Global Forensic Audit Market, 2018-2022, Growth And Market Share Comparison, By Region
  • Global Forensic Audit Market, 2018, By Country, Value ($ Billion)
  • Global Forensic Audit Market, 2014 – 2022, Historic And Forecast, By Country
  • Global Forensic Audit Market, 2018-2022, Growth And Market Share Comparison, By Country

17. Global Forensic Audit Market Segmentation

  • Global Forensic Audit Market, Segmentation By End-Use Industry, 2014 – 2022, Value ($ Billion)
  • Global Forensic Audit Market, Segmentation By Type Of Investigation, 2014 – 2022, Value ($ Billion)

18. Global Forensic Audit Market Comparison with Macro Economic Factors

  • Forensic Audit Market Size, Percentage Of GDP, Global
  • Per Capita Average Forensic Audit Market Expenditure, Global

19. Global Forensic Audit Market Comparison With Macro Economic Factors Across Countries

  • Forensic Audit Market Size, Percentage Of GDP, By Country
  • Per Capita Average Forensic Audit Market Expenditure, By Country

Companies Mentioned

  • Anbang Insurance
  • Baker Tilly Virchow Krause, LLP
  • BDO Canada LLP
  • BDO Global
  • Deloitte Touche Tohmatsu Limited
  • Envista Forensics
  • Ernst & Young Global Limited
  • Facebook
  • Ferrier Hodgson
  • Forensic Accounting LLP
  • FTI Consulting, Inc.
  • H&A Forensic Accounting
  • Haney CPA Group PC
  • HSSK, LLC
  • Kingfisher Airlines
  • KPMG International
  • MiddletonRaines+Zapata (MRZ)
  • Mitsubishi
  • Najam Shah
  • Nirav Modi
  • PwC
  • Rabobank
  • RGL Forensics
  • SAMAC Engineering
  • Simon George and Sons
  • SK Bank
  • Tatfondbank
  • The Kobe Steel
  • Toshiba
  • VBS Bank
  • Weaver
  • Whitinger & Group LLC

For more information about this report visit https://www.researchandmarkets.com/r/55xyj9

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