Accounting & Auditing in the UK - Market Research Report (2014-2029)

Rising Accounts: Despite Economic Hardships, Industry Revenue is Expected to Expand In 2022-23

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The accounting and audit industry benefits from the wide range of businesses it serves and the requirement for most UK businesses to have their financial accounts audited. During periods of economic growth, demand for industry services rises, while during adverse economic conditions, the decline in industry revenue is limited through demand for countercyclical services. Despite economic hardships in recent years, revenue is expected to expand at a compound annual rate of 0.2% to £6.2 billion over the five years through 2022-23.

Operators in this industry prepare and examine financial accounts and are responsible for the certification of their accuracy. The industry does not include bookkeeping activities or budgetary control activities.