Over the past five years, the industry has recovered from a downturn in demand caused by a falling number of US businesses, weak private investment and shrinking corporate budgets. However, revenue has been rising since 2011, buoyed by economic growth, rising equity markets and a growing number of new businesses. Over the next five years, the Accounting Services industry is expected to grow rapidly. The industry will benefit from stronger aggregate private investment, a growing number of US businesses and higher activity in financial markets, including increases in initial public offerings and mergers and acquisitions.
Firms in this industry are certified to audit the accounting records of public and private organizations and to demonstrate compliance to generally accepted accounting practices. Certified public accountants (CPAs), included in this industry, provide a variety of accounting services, including auditing accounting records, designing accounting systems, preparing financial statements, developing budgets and providing advice on matters related to accounting.
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.
