This Market Intelligence Report focuses on the accounting and auditing services marketplace in the United States from a supply chain sourcing perspective. Accounting and auditing services range from recording company’s financial transactions to reviewing and verifying the financial records. Primarily a concentrated industry, accounting and auditing services has a well developed supplier base. The accounting and auditing services category has low product segmentation and serves primarily industrial, commercial, government or consumer markets. The demand for accounting and auditing services is generated by various industries with primary drivers including economic activity, government regulations and bankruptcies. Key costs around the accounting and auditing services category include labor cost (accounting and auditing professionals), subcontractor and software costs. The major trends in this industry include increased specialization and adoption of paperless workflows and technology, among others. Offshoring activity in this sector is high and is exhibiting an increasing trend. The risk outlook for the accounting and auditing services industry is steady based on the macroeconomic environment. Category management best practices around the accounting and auditing services industry include strategic sourcing practices.
Starting with detailed background information to provide category context, this report provides insight into the market drivers around demand and key costs, including both historical and forecasted commodity pricing. The supply base section covers the top suppliers, including high-level overviews and market news. The report presents the NAICS category cost structure and historical, current and future pricing curves. The trend section reports new and emerging industry directions. Regulatory considerations include developing governmental initiatives. Risk outlooks offer a view into upstream drivers that could adversely affect the industry and category. Insights and Best Practices share winning strategies around the management and sourcing of this category.