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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 | Jan 2017

Taking account: New technology and advisory services are helping widen profit margins

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
$20bn
Annual Growth 12-17
2.6%
Annual Growth 17-22
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Profit
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Employment
115,557
Businesses
32,573
Industry Analysis & Industry Trends

The Accounting Services industry has grown over the past five years on the back of steady economic growth and increasing demand for industry-specific advisory services. Tax and audit services have remained a dependable source of revenue for industry firms over the past five years, as demand for these services does not depend on economic conditions. In addition, revenue derived from high-value advisory services has increased as clients have looked to accounting firms for advice on trimming costs and becoming more competitive amid challenging business conditions. The industry has also expanded its advisory services by incorporating new technology, such as data analytics and cloud services. These value-added services have larger profit margins than traditional tax and audit processing... purchase to read more

Industry Report - Industry Analysis Chapter

The performance of the Accounting Services industry has improved over the past five years on the back of favourable economic conditions and increasing demand for industry-specific advisory services. Larger industry firms have increasingly acquired smaller firms to gain business from small to medium-size enterprises. Technology usage, including investment in data analytics, has increased among industry firms. Incorporating new technologies allows industry players to provide increased product integration for clients and enhances their ability to cross-sell their services, particularly advisory services, which have grown faster than traditional accounting services over the past five years... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Accounting Services Industry?

Industry firms primarily provide accounting, auditing and bookkeeping services. These services relate to all areas of taxation, financial reporting and auditing. Many industry firms also offer business advice and assistance.

Industry Products
Audit servicesAdvisory servicesTax servicesBookkeeping services
 
Industry Activities
Accounting Auditing Bookkeeping Providing tax agent services


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