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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 | Feb 2016

Service shift: Advisory services have grown rapidly, due to a risk-averse business climate

IBISWorld’s Accounting Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$19bn
Annual Growth 11-16
2.4%
Annual Growth 16-21
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Profit
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Employment
114,644
Businesses
33,348
Industry Analysis & Industry Trends

The Accounting Services industry's revenue has grown over the past five years, shrugging off any lingering effects of the global financial crisis. Higher levels of private capital expenditure have 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 Key Buyers Chapter

The industry has a low level of market share concentration. The top four accounting firms in the industry, PricewaterhouseCoopers (PwC), Ernst & Young, KPMG and Deloitte, are forecast to account for less than 40% of industry revenue in 2015-16. The industry's low level of concentration is a result of more than half of its operators being sole proprietors, and about 45% employing fewer than 20 staff. These smaller firms, such as H&R Block, typically service individuals or small businesses.

Unlike the industry's smaller players, the top four firms tend to service large companies... 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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