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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 | May 2016

Count on it: A rise in private sector capital expenditure has supported industry demand

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
$19bn
Annual Growth 11-16
2.1%
Annual Growth 16-21
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Profit
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Employment
114,644
Businesses
32,187
Industry Analysis & Industry Trends

The Accounting Services industry's has grown over the past five years, shrugging off any lingering effects of the global financial crisis. Increasing private capital expenditure has boosted demand for industry services, as firms require due diligence and audit services prior to undertaking planned capital expenditure. Tax and audit services have therefore remained a dependable source of revenue for industry firms over the past five years. 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... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Accounting Services industry is in the mature phase of its life cycle. Industry value added (IVA), a measure of the industry's contribution to the overall economy, is forecast to grow by an annualised 2.0% over the 10 years through 2020-21. Although IVA is growing, the industry is expected to underperform annualised GDP growth of 2.6% over the same period. This is characteristic of a mature industry. Operators benefit indirectly from the amount of financial activity that takes place in any given year due to the ensuing need for tax, advisory and audit services. Therefore, any growth in the overall economy tends to be reflected in the performance of these operators... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Accounting Services Industry?

Firms in the industry are primarily engaged in the provision of 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 servicesAdvisory servicesTax ServicesBookkeeping
 
Industry Activities
Accounting Auditing Bookkeeping Tax agent service provision


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