The Accounting Services industry's revenue has grown over the past five years, shrugging off any lingering effects of the global financial crisis. Higher levels of private capital expenditure have 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.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.