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The external audit market is a subset of the accounting industry that focuses on providing independent assurance services to organizations. External auditors are responsible for examining and verifying the accuracy of financial statements and other financial information. They also provide assurance that the organization is in compliance with applicable laws and regulations.
External auditors typically use a variety of techniques to assess the accuracy of financial statements, including analytical procedures, tests of controls, and substantive tests. They also review the organization's internal control systems and assess the risk of material misstatement.
The external audit market is highly competitive, with many firms offering a range of services. Some of the major players in the market include Deloitte, Ernst & Young, KPMG, PricewaterhouseCoopers, and Grant Thornton. Show Less Read more