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Accounting Services in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Accounting Services Market Research Report | ANZSIC M6932 | Nov 2014

Adding up: The industry has been broadening its services and increasing consolidation

IBISWorld’s Accounting Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$17bn
Annual Growth 10-15
3.3%
Annual Growth 15-20
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Profit
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Employment
136,480
Businesses
32,920
Industry Analysis & Industry Trends

The Accounting Services industry's revenue has shown strong growth over the past five years, shrugging off any lingering effects of the global financial crisis on professional service companies. The industry recorded weak growth in 2009-10, before growing strongly in 2010-11. This included strong returns from the four largest firms in the industry. However, weak business conditions resulted in the industry declining slightly in 2012-13. Over the past five years, businesses have increasingly sought to restructure, which requires accounting services for due diligence and auditing. The industry has expanded its advisory services as professional services firms have sought new ways to increase profit... purchase to read more

Industry Report - Industry Locations Chapter

The distribution of the Accounting Services industry follows a pattern of economic activity, causing a higher number of accounting practices to be concentrated in New South Wales, Victoria and Queensland. These states account for a dominant share of population and industry. The head offices of the majority of Australia's largest enterprises are located in Melbourne or Sydney. Accounting firms tend to locate close to clients. The big four, for example, have offices in each major capital city rather than operating from a central location.

The smaller accounting firms are spread throughout Australia. The industry is highly fragmented, partly because accounting firms provide services to businesses across all sectors of the economy and to households... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Accounting Services Industry?

Firms in this industry provide accounting, auditing and bookkeeping services. The services provided relate to all areas of taxation, financial reporting and auditing. Many firms also offer business advice and assistance.

Industry Products
Audit servicesTax servicesAdvisory servicesBookkeepingInsolvency, reconstruction and bankruptcy
 
Industry Activities
Accounting Auditing Bookkeeping Tax agent service provision


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