Accounting growth slowed in 2012

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Robert Lovell
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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...

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