Accounting Services in the US - Industry Market Research Report

Accounting Services in the US - Industry Market Research Report

  • February 2019 •
  • 43 pages •
  • Report ID: 350022 •
  • Format: PDF

LIFO the party: Large firms are expected to increase advisory services to pursue higher profit margins


Accounting Services in the US
Operators in the Accounting Services industry offer a wide array of services, including audit and assurance services, tax preparation and compliance work, consulting assistance and restructuring services. The industry has grown steadily over the five years to 2019, buoyed by economic growth, rising equity markets and an increasing number of new businesses. While contracting overall, industry profit margins have improved in more recent years due to rising accounting fees, higher client volumes and increased investment in technology. Over the next five years to 2024, the industry is expected to continue growing.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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