INDUSTRY REPORTS PUBLICATIONS DATA FEED SERVICES WOWEB CONTACT US
Item added to your cart
The Accounting Sector
BY Duncan Bekker
South Africa
25 July 2019
R 14 400.00 (ZAR)  
estimated $ 1 011.83 (USD) *
Buy Now

The Accounting Sector


The South African accounting sector is a major contributor to the tertiary economy and the guarantor of financial reporting standards. Accounting firms are knowledge-intensive businesses, and this report offers an overview of the core profession as well as the role and benefits of knowledge management in the professional services industry. Income from accounting services stands at R29bn and the industry employs some 56,000 people.


Scandals and Challenges


Prominent firms have been implicated in a slew of accounting scandals and company failures, and the profession is suffering a crisis of public confidence. As a consequence, regulatory pressure is on the rise while technological disruption and market consolidation are increasing competition in the market. This report includes detailed descriptions of the challenges facing the sector and discussion on the response of firms and sector organisations to these developments. While the accounting sector continues to be rocked by new revelations, and is expected to face long-term headwinds as it attempts to rebuild trust and confidence, a number of firms are looking to capitalise on the crisis to win new clients. In the public sector, the financial performance and audit outcomes of government departments, state-owned enterprises and municipalities have generally continued to regress.


Report Coverage


This report examines the accounting sector and sector-related knowledge management. It provides comprehensive information on the state and size of the sector and factors that influence it including regulation, revenue and market share, mergers, leadership changes, discussion of mandatory rotation and the sector’s response to it, as well as continental and international information. There are 18 profiles including of the big four firms PwC, Deloitte, EY, and KPMG and medium-sized firms including Grant Thornton, SizweNtsalubaGobodo (SNG) and BDO, which have been involved in a series of mergers. Other profiles include Mazars and PKF in the private sector, as well as the Auditor-General.


Page
1. INTRODUCTION 1
2. DESCRIPTION OF THE INDUSTRY 1
2.1. Industry Value Chain 4
2.2. Geographic Position 6
3. SIZE OF THE INDUSTRY 7
4. STATE OF THE INDUSTRY 10
4.1. Local 10
4.1.1. Corporate Actions 20
4.1.2. Regulations 22
4.1.3. Enterprise Development and Social Economic Development 26
4.2. Continental 27
4.3. International 29
5. INFLUENCING FACTORS 31
5.1. Economic Environment 31
5.2. Labour 31
5.3. Technology, Research and Development (R&D) and Innovation 34
5.4. Environmental Concerns 36
6. COMPETITION 37
6.1. Barriers to Entry 39
7. SWOT ANALYSIS 39
8. OUTLOOK 40
9. INDUSTRY ASSOCIATIONS 41
10. REFERENCES 41
10.1. Publications 41
10.2. Websites 42
APPENDIX 1 44
Summary of Notable Players 44
COMPANY PROFILES 48
AUDITOR-GENERAL SOUTH AFRICA 48
BAKER TILLY GREENWOODS CHARTERED ACCOUNTANTS 51
BDO SOUTH AFRICA INC 53
CROWE IN SOUTHERN AFRICA (PTY) LTD 58
DELOITTE SOUTH AFRICA 61
ERNST AND YOUNG INC 64
EXCEED (CAPE TOWN) INC 69
KPMG INC 72
LDP CHARTERED ACCOUNTANTS AND AUDITORS INC 78
MAZARS 81
MOORE STEPHENS SOUTH AFRICA (PTY) LTD 85
NOLANDS INC 90
PKF SOUTH AFRICA INC 92
PRICEWATERHOUSECOOPERS INC 96
RSM SOUTH AFRICA INC 106
SEKELAXABISO CA INC 108
SIZWENTSALUBAGOBODO GRANT THORNTON INC 110
THERON DU PLESSIS DURBANVILLE INC 114