Financial Accounting Advisory Services Market Report 2025

The financial accounting advisory services market size has grown steadily in recent years. It will grow from $101.62 billion in 2024 to $106.63 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to implementation of new accounting standards, regulatory changes impacting financial reporting requirements, globalization and expansion of multinational corporations, complexity in financial reporting and compliance, evolution of audit and assurance standards.

The financial accounting advisory services market size is expected to see strong growth in the next few years. It will grow to $129.86 billion in 2029 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to adoption of enterprise resource planning (erp) systems, corporate governance and risk management concerns, growing need for transparency in financial reporting, adoption of cloud-based financial accounting solutions. Major trends in the forecast period include integration of artificial intelligence, integration of machine learning in financial advisory, growth of advisory services for cryptocurrency and blockchain, integration of predictive analytics in financial decision-making.

The forecast of 5% growth over the next five years reflects a slight reduction of 0.1% from the previous projection. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through reduced service quality, as international accounting compliance tools and financial reporting automation software, mainly supplied by firms in Switzerland and the Netherlands, become costlier to maintain and update. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The anticipated surge in the demand for financial services is poised to drive the growth of the financial accounting advisory services market. Financial services encompass the offerings provided by financial institutions, and financial accounting advisory services play a crucial role in offering expert guidance, improving financial transparency, and facilitating well-informed decision-making. For example, as of September 2022, the United States Census Bureau reported a real median household income of $70,784 in 2021, with a 1.2% increase in income inequality between 2020 and 2021. Additionally, S&P Global projected a 12.1% increase in median household income, from $72,465 in 2022 to $81,230 in 2027 in the US. Hence, the growing demand for financial services is a key factor propelling the financial accounting advisory services market.

The escalating threat posed by cyberattacks is expected to contribute to the expansion of the financial accounting advisory services market. Cyberattacks involve deliberate and malicious efforts to exploit, disrupt, or gain unauthorized access to computer systems, networks, or digital devices. Financial accounting advisory services play a vital role in evaluating and mitigating the financial implications arising from cyberattacks, offering strategic guidance for recovery and ensuring regulatory compliance. For instance, data from January 2023, as provided by Checkpoint, an Israel-based provider of IT security products, indicates a 38% increase in global cyberattacks in 2022 compared to 2021. Therefore, the growing threat of cyberattacks stands as a driving force for the financial accounting advisory services market.

Technological advancements stand out as a prominent trend gaining traction in the financial accounting advisory services market. Leading companies within this market are embracing new technologies to maintain their competitive positions. For instance, in June 2023, Numeric, a US-based financial services company, introduced Numeric AI and Numeric Essentials. Numeric AI, powered by artificial intelligence, empowers accountants to leverage extensive language models for increased efficiency and control. This tool automates the creation of flux explanations by utilizing information from underlying general ledger transactions, account trends, and prior descriptions. Numeric Essentials, an industry-first free close management solution, employs real-time collaboration tools to assist both large and small accounting teams in enhancing their month-end close processes.

Prominent companies in the financial accounting advisory services market are concentrating on developing innovative solutions, such as automated reporting solutions, for private equity portfolio companies to gain a competitive edge. Automated reporting solutions refer to software tools streamlining and systematizing the generation and delivery of reports, thereby enhancing efficiency and accuracy in data-driven decision-making. In April 2023, Riveron, a US-based national business advisory firm, launched VUE, an automated reporting solution for private equity portfolio companies. This groundbreaking service integrates and transforms financial and operational data, establishing a single source of truth for key reporting metrics. VUE utilizes simple, low-code platforms to automate data extraction and integration from diverse systems. This solution aids portfolio companies in streamlining reporting, improving decision-making with real-time insights, and addressing challenges related to legacy ERP deficiencies and integration gaps across business applications.

In October 2023, MarshBerry, a financial advisory and consulting firm based in the US, acquired IMAS Corporate Finance LLP (IMAS) for an undisclosed sum. This acquisition expands MarshBerry's global presence while maintaining its exceptional local expertise in North America and Europe, and it enriches their range of solutions for clients worldwide. IMAS Corporate Finance LLP is a UK-based corporate finance advisory firm that specializes in financial advisory services.

Major companies operating in the financial accounting advisory services market include JPMorgan Chase & Co, The International Business Machines Corporation, PricewaterhouseCoopers International Limited (PwC), Ernst & Young Global Limited, Oracle Corporation, KPMG International Limited, SAP SE, Deloitte Consulting LLP, Capgemini SE, The PNC Financial Services Group Inc., BDO International Ltd., RSM International Limited, Nexia International, Baker Tilly US LLP, Bain & Company Inc., AlixPartners LLP, FTI Consulting Inc., Grant Thornton LLP, CBIZ Inc., Protiviti Inc., Alvarez & Marsal Holdings LLC, Crowe LLP, Plante & Moran PLLC, Armanino LLP, CohnReznick LLP, EisnerAmper LLP, MorganFranklin Consulting LLC.

North America was the largest region in the financial accounting advisory services market in 2024. The regions covered in the financial accounting advisory services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the financial accounting advisory services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp rise in U.S. tariffs and the ensuing trade tensions in spring 2025 are having a considerable impact on the financial sector, particularly in the areas of investment strategies and risk management. The increased tariffs have intensified market volatility, leading institutional investors to adopt more cautious approaches and driving greater demand for hedging solutions. Banks and asset managers are encountering higher costs in cross-border transactions as disrupted global supply chains and declining corporate earnings weigh on equity market performance. At the same time, insurance providers are facing elevated claims risks linked to supply chain interruptions and trade-related business losses. Furthermore, reduced consumer spending and weaker export demand are limiting credit growth and dampening investment appetite. In response to these challenges, the sector must focus on diversification, accelerate digital transformation, and strengthen scenario planning to manage the heightened economic uncertainty and safeguard profitability.

Financial accounting advisory services encompass a comprehensive set of expert third-party guidance designed to assist firms and organizations in achieving their commercial, financial, and operational objectives. These services play a crucial role in ensuring compliance with evolving financial standards, promoting transparency, and instilling confidence in reporting processes to facilitate informed decision-making.

The primary categories of financial accounting advisory services include accounting change services, buy-side support, bankruptcy services, IPO advisory services, financial reporting issue and restatement services, technical accounting, financial statement preparation, accounting software migration, cash flow management services, among others. Accounting change services involve modifications in accounting principles and estimates. These services cater to organizations of various sizes, including large enterprises and small and medium-sized enterprises, with applications in personal, general company, listed company, government, and other contexts. These services find relevance across different industry verticals such as banking, financial services and insurance (BFSI), IT and telecom, manufacturing, retail and e-commerce, among others.

The financial accounting advisory services market research report is one of a series of new reports that provides financial accounting advisory services market statistics, including financial accounting advisory services industry global market size, regional shares, competitors with a financial accounting advisory services market share, detailed financial accounting advisory services market segments, market trends and opportunities, and any further data you may need to thrive in the financial accounting advisory services industry. This financial accounting advisory services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The financial accounting advisory services market includes revenues earned by entities by providing services such as GAAP (generally accepted accounting principles) conversions, transaction accounting, and new standards implementation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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