Accounting growth slowed in 2012

The rate of growth for global accounting firms has dipped for the first time since 2009, according to a new survey from the International Accounting Bulletin.

According to the research, global accounting firms reported 5% income growth in 2012 compared to 8% in 2011, with 18 out of the 22 networks surveyed growing revenue down from 21 the previous year.

Firm leaders have identified the following driving factors for the stalling:

  • downward pressure on fees
  • increased regulatory scrutiny
  • lack of organic growth opportunities

Of the 45 surveyed networks and associations...

Continued...

» Register now

The full article is available to registered AccountingWEB members only. To read the rest of this article you’ll need to login or register.

Registration is FREE and allows you to view all content, ask questions, comment and much more.