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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 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
$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 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 industry has rebounded strongly. Business confidence has risen and cost-cutting measures have been implemented. Larger industry firms have pursued non-organic growth, expanding their services to include consultancy. The growth in advisory services has increased consolidation throughout the industry. Mergers and acquisitions within the industry have also increased as businesses have sought to improve horizontal integration. Technology usage has increased among industry firms, including investment into data analytics to drive new models for growth... 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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