Industry Analysis & Industry Trends
The Accounting Services industry's revenue has shown strong growth over the past five years, shrugging off any lingering effects of the global financial crisis on professional service companies. The industry recorded weak growth in 2009-10, before growing strongly in 2010-11. This included strong returns from the four largest firms in the industry. However, weak business conditions resulted in the industry declining slightly in 2012-13. Over the past five years, businesses have increasingly sought to restructure, which requires accounting services for due diligence and auditing. The industry has 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 a pattern of economic activity, causing a higher number of accounting practices to be 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 Melbourne or Sydney. Accounting firms tend to locate close to clients. The big four, for example, have offices in each major 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 businesses across all sectors of the economy and to households... purchase to read more