Global Accounting Services
After experiencing a brief dip during the recession, revenue for the Global Accounting Services industry is expected to have increased over the five years to 2018. Stabilization and steady economic growth in developed nations, as well as continued strength in many emerging nations, encouraged business creations and expansion, thereby increasing the potential pool of clientele for accounting firms. In addition, rising global equity values and an increase in investor optimism sparked a jump in revenue from assurance-related work, as the Accounting Services industry commonly provides expertise for mergers and acquisitions, initial public offerings and other capital market structuring. Over the five years to 2023, a projected expansion in the global economy and global equities will foster revenue growth for the industry's audit and assurance services. Additionally, accounting firms will benefit from a continued expansion into nontraditional areas, such as regulatory, consulting and forensic services.
Accounting firms provide a range of financial services related to accounting. These include preparation and auditing of financial statements; tax consulting and preparation of tax returns; bookkeeping; accounting systems design; and financial and business advisory services.
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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