The Auditing, Accounting and Tax Services industry in China has been developing rapidly in recent years. Demand from enterprises and individuals has risen, thanks to the growing economy and changing business environment of China. New rules and regulations issued by the government concerning accounting and auditing standards have also contributed to a more standardized market environment.In 2017, the industry is expected to generate revenue of $12.1 billion, representing 8.2% growth in 2017 and average annualized growth of 8.2% over the past five years. An increasing number of initial public offerings (IPOs) and higher auditing fees have been the main drivers of industry growth during the past five years. Over the next five years, the same trends will support revenue growth of 7.1%...purchase to read more.

Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 12-17
8.2%
Forecast Growth 17-22
Profit
Employment
496,270
Businesses
18,780

Industry Report - Industry SWOT Analysis Chapter

Due to the rapid development of legislation, stricter supervision, and changing laws in China, companies need more tax, auditing and consulting advice from professionals. Furthermore, some new advisory services have been launched, resulting in the development of niche markets. Between 2012 and 2022, industry value added is expected to increase at an annualized rate of 8.2%, faster than China's GDP growth rate of about 6.5% in the same period.Growing numbers of multinational companies have established their branches or divisions in China after its accession to the World Trade Organization. This increased the demand for services provided by this industry as well as the service quality requirements...purchase to read more.

Additional Insights for the Auditing, Accounting & Tax Services Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auditing, Accounting & Tax Services Industry are

  • Access to highly skilled workforce
  • Having a clear market position
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Policies/Legislation and Competition from Substitutes - Accounting Services in the Auditing, Accounting & Tax Services industry impact industry performance..

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    What's in this report

    What is the Auditing, Accounting & Tax Services Industry?

    The Auditing, Accounting and Tax Services industry in China provides business services including asset appraisal and liquidation, accounting, auditing, and taxation consultancy.

    Industry Products
  • Auditing services
  • Taxation services
  • Advisory services
  • Other services
  • Industry Activities
  • Accounting consultation
  • Taxation consultation
  • Audit consultation
  • Assets appraisal and liquidation
  • Consultation of financial activities
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Policies/Legislation
  • Competition from Substitutes - Accounting Services
  • Number of Businesses
  • Industry Systems and Technology - Accounting, Tax Preparation, Bookkeeping and Payroll Services
  • Real GDP

  • Current Performance
    The Big FourSecond-tier playersSmall operatorsProduct segmentsIndustry standards and development
  • Chart: Revenue Growth

  • Industry Outlook
    Consolidation and competition
  • Table: Auditing, Accounting & Tax Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auditing, Accounting & Tax Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Electricity, Natural Gas and Water Production and Supply
  • Construction
  • Information Transmission, Computer Services and Software
  • Wholesale and Retail Trade
  • Financial Intermediation

  • Key Selling Industries
  • Computer Stores
  • Internet Services
  • IT Services
  • Software Development

  • Products & Services
  • Auditing services
  • Taxation services
  • Advisory services
  • Other services
  • Chart: Auditing, Accounting & Tax Services Industry Products and Services Segmentation

  • Demand Determinants
  • Financial advisory and business risk services
  • Post-acquisition audit and bankruptcy services
  • Taxation planning and advisory services
  • Personal financing services

  • Major Markets
  • Manufacturing sector
  • Other sectors
  • Wholesale and retail sectors
  • IT and telecommunications sector
  • Financial intermediation sector
  • Utilities sector
  • Construction sector
  • Chart: Major Market Segmentation for the Auditing, Accounting & Tax Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Wages
  • Profit
  • Purchases, utilities and depreciation
  • Rent
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Auditing, Accounting & Tax Services

  • Basis of Competition
  • Qualifications
  • Experienced workforce
  • Credibility
  • Price versus service
  • Brand awareness
  • Service range
  • Tender
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Auditing, Accounting & Tax Services Industry

  • Industry Globalization
    PricewaterhouseCoopers Zhong Tian, Ruihua Certified Public Accountants, BDO China Shu Lun Pan Certified Public Accountants, Deloitte Touche Tohmatsu Hua Yong, Ernst & Young Hua Ming,
  • Table: PricewaterhouseCoopers Zhong Tian - financial performance
  • Table: Ruihua Certified Public Accountants - financial performance
  • Table: BDO China Shu Lun Pan Certified Public Accountants - financial performance
  • Table: Deloitte Touche Tohmatsu Hua Yong - financial performance
  • Table: Ernst & Young Hua Ming - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Auditing, Accounting & Tax Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Auditing, Accounting & Tax Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Audit
  • A financial statement review of a company or any other legal entity, resulting in an independent report on whether the financial statements are relevant, accurate, complete and fairly presented.
  • Bookkeeping
  • The recording of financial transactions and accounting activities.
  • Initial Public Offering (Ipo)
  • The offering of shares in a private company for sale to the public.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Auditing, Accounting & Tax Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Auditing, Accounting & Tax Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Auditing, Accounting & Tax Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Auditing, Accounting & Tax Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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