Offices of Certified Public Accountants - Market Size, Financial Statistics, Industry Trends

Industry Overview

This U.S. industry comprises establishments of accountants that are certified to audit the accounting records of public and private organizations and to attest to compliance with generally accepted accounting practices. Offices of certified public accountants (CPAs) may provide one or more of the following accounting services: (1) auditing financial statements; (2) designing accounting systems; (3) preparing financial statements; (4) developing budgets; and (5) providing advice on matters related to accounting. These establishments may also provide related services, such as bookkeeping, tax return preparation, and payroll processing. Cross-References. Establishments primarily engaged in--
Source: U.S. Census Bureau

Offices of Certified Public Accountants Market Size

This report includes historical and forecasted market sizes and industry trends for Offices of Certified Public Accountants. It reveals overall market dynamics from 2020 through the present, and predicts industry growth or shrinkage through 2030. Revenue data include both public and private companies in the Offices of Certified Public Accountants industry.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)	Included in Report
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Pell Research's advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size statistics include revenue generated from all products and services sold within the Offices of Certified Public Accountants industry.

Geographic Breakdown by U.S. State

Offices of Certified Public Accountants market share by state pinpoints local opportunities based on regional revenue statistics. Growth rate for each state is affected by regional economic conditions. Data by state can be used to locate profitable and nonprofitable locations for Offices of Certified Public Accountants companies in the United States.

Distribution by Company Size

Company Size	All Industries	Offices of Certified Public Accountants
Small Business (< 5 Employees)	Included
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" Offices of Certified Public Accountants company (both public and private companies are included).

	Industry Average	Percent of Sales
Total Revenue	Included
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios	Included
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Products and Services Mix

Product lines and services in the Offices of Certified Public Accountants industry accounting for the largest revenue sources.

Product Description	Description	Revenue ($ Millions)
Industry total	Included
Financial auditing services
Financial statement auditing
Tax preparation & representative services - corporate & other clients
Tax prep & representative services -individuals & unincorporated bus
Tax planning & consulting services
Tax planning & consulting services - corporate & other clients
Bookkeeping & compilation services
Management consulting services
General accounting services

Compensation and Salary Surveys

Salary information for employees working in the Offices of Certified Public Accountants industry.

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	7%	Included
Chief Executives	0%
General and Operations Managers	2%
Business and Financial Operations Occupations	48%
Financial Specialists	44%
Accountants and Auditors	35%
Accountants and Auditors	35%
Tax Examiners, Collectors and Preparers, and Revenue Agents	7%
Tax Preparers	7%
Office and Administrative Support Occupations	35%
Financial Clerks	17%
Bookkeeping, Accounting, and Auditing Clerks	10%
Bookkeeping, Accounting, and Auditing Clerks	10%
Secretaries and Administrative Assistants	6%
Secretaries and Administrative Assistants	6%
Secretaries and Administrative Assistants, Except Legal, Medical, and Executive	5%
Other Office and Administrative Support Workers	6%

Government Contracts

The federal government spent an annual total of $545,550,206 on the Offices of Certified Public Accountants industry. It has awarded 2,363 contracts to 168 companies, with an average value of $3,247,323 per company.

Top Companies in Offices of Certified Public Accountants and Adjacent Industries

Company	Address	Revenue ($ Millions)
Included