Industry Analysis & Industry Trends
Like most of the financial sector, the Global Accounting Services industry's revenue fell in 2009, after reaching a historical peak in 2008. The correction imposed on the industry as the financial crisis took hold proved to be only minor, as accounting firms have since rebounded and hit a new historic high in 2011. Revenue is expected to grow by a mild 1.2% per annum over the five years through 2012. The industry is forecast to generate revenue of $361 billion in 2012, a 1.9% jump from the previous year. Growth will increase further in 2013, with revenue forecast to increase by 3.5%... read more
Industry Analysis
The Global Accounting Services industry's revenue is forecast to grow by 1.9% in 2012, to total $361 billion. The lingering effects of the global downturn will continue to weigh on revenue growth, though the industry is rebounding. The decline of the US dollar against other major currencies during the year will boost industry revenue as measured in US dollar terms. This will contrast with 2009, when an appreciating US dollar magnified the decline in industry revenue. Although demand for audit services was largely unaffected by the global economic downturn, growth in other areas slowed as clients pulled back spending on non-essential services. Industry revenue is expected to grow by 1.2% per annum over the five years through 2012... read more