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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 2015

Penny for your thoughts: Growth in advisory services is increasing industry revenue

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
$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 grown strongly over the past five years, shrugging off any lingering effects of the global financial crisis. After weak growth in 2009-10, the industry rebounded in 2010-11. This included strong returns from the four largest firms in the industry. Nevertheless, weak business conditions resulted in the industry declining slightly in 2012-13. Over the past five years, increased restructuring of businesses in Australia has boosted demand for industry services, as accounting services are required for due diligence and auditing. The industry has also 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 economic activity, thus accounting practices are 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 either Melbourne or Sydney and accounting firms tend to locate close to their clients. For example, the big four firms have offices in each 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 both households and businesses across all sectors of the economy... 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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