2014-04-02 06:19:01 - Accounting and Auditing in Australia: ISIC 7412 - a new market research report on companiesandmarkets.com
After posting 7% annual growth over 2000-2010, the prospects for the Australian accounting, book-keeping and auditing industry are somewhat limited by the extent of general economic activity in the country.
From A$8.1 billion in value in 2000, the Australian accounting, book-keeping and auditing market grew by a net 88% over the decade, reaching A$15.2 billion in 2010. 2009, with its 2% year-on-year decline in value, was the only exception in the market´s growth pattern.
Businesses dominated the buyers´ market throughout the decade with a 90% value share in 2010, as accounting is a vital part of each company´s operations and auditing is stipulated by law for firms that reach a certain size. Households´ demand for accounting and book-keeping services accounted for the
remaining 10% value share of the market in 2010. The importance of these two buyer groups remained stable over the review period.
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