PracticeAccounting FirmsAccounting heads for 80% growth

Accounting heads for 80% growth

Forecasters are predicting that demand for accounting services will grow by more than 80% between 2002 and 2007.

The upbeat message comes as a result of increased competition and the demands of getting to grips with a raft of new accounting standards, according to Key Note, the market information specialist.

Link: See the Accountancy Age Top 50

Despite the difficult time experienced by accountants as a result of the scandals at WorldCom and Enron, there is still extremely strong growth to be had in response to client demands for additional advice and help.

Key Note estimates that annual growth in 2002 would be 10.7%, 14.6% in 2005, stable in 2006 and 8.5% in 2007.

The report from Key Note adds: ‘The accountancy market has shown itself to be a robust one in recent years. Nevertheless, the pressure on fees in the core segments of the market – audit, accountancy and tax – is likely to continue.’

Related Articles

Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

3w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

1m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin
EY, Deloitte lead Big Four in gender pay gap reporting

Accounting Firms EY, Deloitte lead Big Four in gender pay gap reporting

2m Emma Smith, Managing Editor