Blockchain Technology In Process Audit Services

Posted by praneeth on November 26th, 2018

The emergence of blockchain technology is trending in the process audit services market. A blockchain refers to a distributed ledger which has the relevant details for every transaction that has ever been processed. This technology is used to verify the reported transactions which helps to bring cost efficiencies in the process audit environment. It also saves time.


North America was the largest geographic region in the market, accounting for a little more than one-third of the global market share.

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According to The Business Research Company’s Consultants, Nitin Gianchandani, use of software like Robotic process automation and cognitive intelligence is trending process audit. It supports them in identifying, assessing and monitoring the risk that come along. Process audit should consider using RPA to automate repetitive task.


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PwC was largest player in the market in 2017. PwC aims at three types of growth strategy: Core, Expansion and Disruption. In Core, the company look for mergers, acquisitions and alliances. In Expansion, the company expands to adjacencies. in Disruption, the company looks for ways to disrupt the markets that leverages their capabilities.

The process audit services market includes audits which involve the assessment of the efficiency, effectiveness and economy of an organization's use of resources.

 Process Audit Services Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at USD 4000 for an individual user. To use across your office, the price is USD 6000 and USD 8000 if you wish to use across a multinational company.


About The Business Research Company


The Business Research Company is a market research and intelligence company, which excels in company, market and consumer research.

 It has research professionals at its offices in the UK, India and the US as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, chemicals and technology.

 The Business Research Company's management has more than 20 years of varied business research experience. They have delivered hundreds of research projects to the senior management of some of the world's largest organizations.


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