![]() In 2020, Deloitte, PwC, Ernst & Young, and KPMG-the Big Four accounting firms-made $66.55 billion in combined gross revenue.79% of accounting firms offer booking and accounting services.At a CAGR of 9.1%, the global accounting services market value is set to reach $868 billion by the year 2022.Here are some of the latest statistics for accounting and finance that you should know. Spurred by the growing tendency of small to large businesses and the expansion of consulting business firms, the accounting industry continuously witnesses a significant growth year after year. Over the years, accounting has evolved into a more dynamic field, and the use of sophisticated data and new accounting techniques continually drives the growth of accounting services. ![]() For SMEs and other macro organizations, accounting plays a vital role in monitoring expenditures and income, as well as ensuring statutory compliance and providing financial insights. Bookkeeping, auditing, payroll, tax preparation, and finance management-all these are only part of what makes the entire accounting and finance sector. Accounting is more than just keeping tabs on credits and debits and crunching numbers on ledgers.
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