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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 2016

Good advice: The shift towards higher margin advisory services is boosting industry profit

IBISWorld’s Accounting Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$20bn
Annual Growth 12-17
2.6%
Annual Growth 17-22
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Profit
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Employment
115,557
Businesses
32,573
Industry Analysis & Industry Trends

The Accounting Services industry has grown over the past five years on the back of increasing demand from industry-specific advisory services. Tax and audit services have remained a dependable source of revenue for firms over the past five years, as demand for these services does not depend on economic conditions. In addition, revenue has increased as clients have looked to accounting firms for advice on trimming costs and becoming more competitive amid challenging economic conditions. The industry has also expanded its advisory services by incorporating new technology, such as data analytics and cloud services. These value-added services have larger profit margins than traditional tax and audit processing.

Industry revenue is expected to increase by an annualised 2.6%... purchase to read more

Industry Report - Industry Locations Chapter

Enterprises in the Accounting Services industry are generally focused around New South Wales, reflecting the concentration of business and population in Australia. States on the east coast contain over 80% of all industry enterprises. Head offices of large industry players are typically in Sydney or Melbourne, as auditors and advisors generally work at their clients' offices. The number of enterprises in each state has generally increased over the past five years, as populations in major cities have risen.

Besides the eastern states, the highest concentration of industry enterprises is in Western Australia, and this share has grown marginally over the past five years... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Accounting Services Industry?

Industry firms primarily provide accounting, auditing and bookkeeping services. These services relate to all areas of taxation, financial reporting and auditing. Many industry firms also offer business advice and assistance.

Industry Products
Audit servicesAdvisory servicesTax servicesBookkeeping services
 
Industry Activities
Accounting Auditing Bookkeeping Providing tax agent services


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