Accounting and Auditing in Australia: ISIC 7412

Country Report

About This Report

May 2017

Growing transaction and mergers and acquisitions (M&A) activity and investments in infrastructure projects determine accounting and auditing industry to record 3% increase in revenue in 2016

Revenue from tax advisory services grows 4% in 2016, driven by M&A activity and increase in Australian exports, raising demand for international tax advisory services

Australia’s stalling mining and resource industries impact on 4% increase in revenue from insolvency services in 2016

Industry’s B2B costs grow 4% as accounting and auditing firms raise investments in digital tools to improve audit and accounting practices

Over 2016-2021 accounting and auditing industry’s revenue set to see 3% CAGR, supported by activity in M&A and IPOs, investments in infrastructure projects, and stalling mining and resource industries, determine continuing demand for insolvency services in the country

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Competitive Landscape


Industry Overview

Chart 1 Production vs Nominal GDP 2001–2021
Chart 2 Producer Volume Index vs Producer Price Index 2001–2016
Table 1 Key Industry Indicators 2011–2016
Table 2 Key Industry Indicators: Annual Growth 2012–2016

Industry Sectors

Chart 3 Industry Sectors’ Growth Indices 2001–2021
Table 3 Production by Sector: Value 2011–2016
Table 4 Production by Sector: Annual Growth 2012–2016
Table 5 Production by Sector: Share of Total 2011–2016


Table 6 Number of Companies by Employment Size 2011–2016
Table 7 Number of Companies by Employment Size: Annual Growth 2012–2016
Table 8 Number of Companies by Employment Size: Share of Total 2011–2016
Table 9 Production by Employment Size 2011–2016
Table 10 Production by Employment Size: Annual Growth 2012–2016
Table 11 Production by Employment Size: Share of Total 2011–2016
Table 12 Industry Leaders: Company Production Shares in 2016

Import and Export

Chart 4 Import vs Export Growth 2001-2016
Table 13 Import and Export 2011–2016

Market and Buyers

Table 14 Key Market Indicators 2011–2016
Table 15 Key Market Indicators: Annual Growth 2012–2016


Chart 5 Household Expenditure on Accounting and Auditing vs GDP 2001–2021
Chart 6 Household Expenditure on Accounting and Auditing vs Population 2001–2021
Table 16 Households: Key Statistics 2011–2016


Table 17 Supply Structure 2011–2016
Table 18 Supply Structure: Annual Growth 2012–2016
Table 19 Supply Structure:Share of Total 2011–2016

Labour Costs

Chart 7 Number of Employees vs Average Salary 2001–2016
Chart 8 Output per Employee vs Average Salary 2001–2016
Table 20 Key Statistics 2011–2016

Industry Attractiveness Index

Chart 9 Attractiveness Index of Accounting and Auditing Among Other Australia Industries
Chart 10 Binary Diagram of Attractiveness Index
Table 21 Attractiveness Index Composition

Attractiveness Index: Explanation

Future Outlook

Table 22 Forecasts 2017–2022


Accounting and Auditing
Financial Auditing and Book-keeping Services
Tax Advisors
Insolvency Services