From its analysis of the 2020 performance of global accounting networks and associations, International Accounting Bulletin’s 2021 world survey has found that total fee revenue was US$210bn for networks (up 3% on the previous year) and US$31bn for associations (up 2%).

It expects the global accounting services market to grow 5.4% – from US$544.06bn in 2020 to US$573.29bn this year – as a result of companies rearranging their operations and recovering from the impact of the pandemic.