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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 | May 2016

Count on it: A rise in private sector capital expenditure has supported industry demand

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
$19bn
Annual Growth 11-16
2.1%
Annual Growth 16-21
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Profit
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Employment
114,644
Businesses
32,187
Industry Analysis & Industry Trends

The Accounting Services industry's has grown over the past five years, shrugging off any lingering effects of the global financial crisis. Increasing private capital expenditure has 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 Analysis Chapter

Over the past five years, the Accounting Services industry has rebounded from the lingering effects of the global financial crisis. Larger industry firms have increasingly acquired smaller firms to gain business from small to medium enterprises. Technology usage, including investment in data analytics, has increased among industry firms. Incorporating new technology allows industry players to provide a higher level of product integration for clients and enhance their ability to cross-sell their services, particularly advisory services, which have grown faster than traditional accounting services over the past five years. As a result, industry revenue is expected to grow by an annualised 2.1% over the five years through 2015-16, reaching $18.7 billion... 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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