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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 | Mar 2014

All accounted for: Improving business conditions will drive stronger revenue growth

IBISWorld’s Accounting Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 09-14
2.9%
Annual Growth 14-19
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Profit
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Employment
133,216
Businesses
32,594
Industry Analysis & Industry Trends

The Accounting Services industry's revenue has fluctuated over the past five years due to the global financial crisis and its effect on professional service companies. The crisis was felt during 2008-09, as business confidence plummeted and demand for accounting services faced a severe decline. The industry began to recover 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 increasingly sought to restructure, which requires accounting services for due diligence and auditing. The industry has also expanded its advisory services... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Accounting Services industry is in the growth phase of its life cycle, and is expected to outperform the overall economy over the next five years. Industry value added is forecast to grow by a compound annual rate of 3.4% over the 10 years through 2018-19, compared with real GDP growth of an annualised 2.5% over the same period. Operators benefit indirectly from the amount of financial activity that takes place in any given year due to the ensuing need for tax, advisory and audit services. Hence, any growth in the overall economy will not just be reflected but compounded by the performance of these operators... 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 servicesBookkeeping
 
Industry Activities
Accounting Auditing Bookkeeping Tax agent service provision


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