The Business Research Company’s “Forensic Audit Market By End Users (Financial Services, Manufacturing, Mining And Oil & Gas, Other Services, Healthcare And Others) Market Players And Market Size – Global Forecast To 2022” under financial services category covers market characteristics, key players, market size and trends from 2019 to 2022.
The forensic audit market consists of sales of forensic audit services by entities (organizations, sole traders and partnerships) that apply auditing and investigative skills to situations that may have legal implications. A forensic audit is an examination and evaluation of a firm`s or individual’s financial, compliance, background information and other types of information, to use as an evidence in a court of law or legal proceedings. Examples of forensic audits’ use range from prosecuting a party for fraud, embezzlement or other financial claims, to distributing assets during separation or divorce proceedings, although the vast majority of the market is business to business (B2B) .
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The Forensic Audit Market Segmentation
By End-Use Industry– The forensic audit market can be segmented by end-use industry
- a) Financial Services
- b) Mining And Oil & Gas
- c) Manufacturing
- d) Healthcare
- e) Other Services
- f) Others
Financial services was 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%.
By Type Of Investigation – The forensic audit market can be segmented by type of investigation
- a) Event And Data Analysis
- b) Regulatory Investigations
- c) Cross Border Investigations
- d) Corruption And Bribery Investigation
- e) Accounting, Malpractice And Securities Investigation
- f) 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 is also expected to grow at the highest CAGR of 8.8%.
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This post was originally published on Analytics News