The global forensic audit market is expected to decline from $12.18 billion in 2019 to $11.94 billion in 2020 at a rate of -2.0%. The market is then expected to recover and grow at a rate of 8.2% from 2021 and reach about $15.47 billion in 2023.
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The forensic audit market consists of sales of forensic audit services by entities 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).
Global Forensic Audit Market Segmentation –
The Forensic Audit market covered in this report is segmented
1) By End-Use Industry Into Financial Services, Mining, Oil & Gas, Manufacturing, Healthcare, Other Services, Others
2) By Type Of Investigation Into Event And Data Analytics, Regulatory Investigations, Cross Border Investigations, Corruption And Bribery Investigation, Accounting Malpractice, And Securities Investigations, Other Forensic Audit
Global Forensic Audit Market Drivers –
Governments of various countries across the world are collaborating with private forensic audit companies to develop and enhance their country’s business environment. The governments and security exchanges of several countries are appointing private audit firms to keep a check on companies and prevent them from committing fraud.
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A Few Points From The Global Forensic Audit Market ToC
1. Executive Summary
2. Forensic Audit Market Characteristics
3. Forensic Audit Market Size And Growth
3.1. Global Forensic Audit Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Forensic Audit Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Forensic Audit Market Segmentation
5. Forensic Audit Market Regional And Country Analysis
5.1. Global Forensic Audit Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Forensic Audit Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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