Accounting Services Market

Accounting services involve recording, classifying, and summarising financial transactions to provide information that is useful in making business decisions. The main objective of accounting is to provide financial information that is useful in making sound business decisions.

The accounting market comprises establishments primarily engaged in providing accounting, bookkeeping, and auditing services; tax preparation services; and payroll services. These services are performed by trained accountants who use specialized skills and knowledge to prepare financial statements, maintain records, and keep track of cash flow for businesses or individuals.

The accounting services market was valued at USD XX trillion in 2018 and is expected to grow at a CAGR ofXX% from 2019 to 2031. The demand for accounting services is driven by the growing need for compliance with regulatory requirements and the increasing complexity of financial reporting. The market is segmented by type into auditing, bookkeeping, and tax preparation services.

Some of the key players are PricewaterhouseCoopers LLP, Ernst & Young LLP, Deloitte Touche Tohmatsu Limited, KPMG LLP, and Grant Thornton LLP.