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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 | Jun 2015

See-through service: New regulations are expected to increase industry transparency

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
$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 SWOT Analysis Chapter

The Accounting Services industry is in the mature phase of its life cycle, with its performance largely corresponding to real GDP growth. Industry value added, a measure of the industry’s contribution to the overall economy, is forecast to grow by a compound annual rate of 3.3% over the 10 years through 2019-20 compared with GDP growth of an annualised 2.7%. 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 be reflected in 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 servicesTax servicesAdvisory servicesBookkeepingInsolvency, reconstruction and bankruptcy services
 
Industry Activities
Accounting Auditing Bookkeeping Tax agent service provision


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