Accounting industry in the U.S. - Statistics & Facts

The revenue of the accounting, tax preparation and payroll services industry in the United States is forecasted to generate around 160 billion U.S. dollars by 2018. Accounting services, specifically, accounted for 94 billion U.S. dollars in 2014. The leading accounting and auditing firms worldwide (Deloitte, PricewaterhouseCoopers, Ernst & Young and KPMG), also known as the “Big Four,” had combined revenues of around 128 billion U.S. dollars in 2016, employing more than 887 thousand people.

In 2016, there were 1.25 million accountants and auditors and 1.57 million bookkeeping, accounting and auditing clerks employed in the U.S. The number of accountants/auditors and their administrative staff was forecasted to rise to 3.44 million in 2022. California was the state which employed the most accountants and auditors in 2015 but it was the District of Columbia which paid its accountants and auditors the highest wages.

The number of people using accountancy services in the U.S. appears to have dwindled slightly in recent years, falling by approximately five million from the first half of 2008 to the first half of 2016. Despite this, members of the American Institute of Certified Public Accountants have expressed increasing confidence in their businesses since the end of 2012. In the first last of 2014, the Certified Public Accountants Outlook Index score was the highest it had been since before 2011, indicating increasing activity in the industry. The index did however drop by four points in the first quarter of 2015, which could suggest a slowing down of the accounting industry.

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Accounting services in the U.S. - Important statistics

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