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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 | Jul 2014

Adding up: Improving business conditions will drive stronger revenue growth

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
$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. Over the period, 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 Analysis Chapter

The Accounting Services industry has faced many changes over the past five years. Despite the lingering effects of the global financial crisis at the beginning of the period, the rebound has been strong. Business confidence rose and cost-cutting measures were implemented. Larger firms in the industry have pursued non-organic growth, expanding services to include consultancy. Growth in advisory services and the effects of the global financial crisis both resulted in increased consolidation throughout the industry, as firms tried to expand their services. Mergers and acquisitions have increased as businesses have sought to become more efficient and improve vertical integration... 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 servicesBusiness tax servicesAdvisory servicesPersonal tax servicesBookkeepingInsolvency, reconstruction and bankruptcies
 
Industry Activities
Accounting Auditing Bookkeeping Tax agent service provision


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