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