Accounting, bookkeeping and auditing activities; tax consultancy

isic code 692 covers a wide range of professional services related to financial management and compliance. This industry plays a crucial role in the broader economy by providing essential services to businesses, individuals, and government entities. Accounting, bookkeeping, and auditing activities ensure the accurate recording and reporting of financial transactions, while tax consultancy services help clients navigate complex tax regulations and optimize their tax obligations.

Professionals in this industry utilize a range of techniques to provide their services, including data analysis, financial reporting, tax planning, and auditing procedures. They leverage specialized software and digital tools to streamline their workflows and ensure the accuracy and efficiency of their work. Maintaining up-to-date knowledge of relevant laws, regulations, and industry best practices is also a key aspect of their production techniques.

The main inputs required for this industry include skilled labor, such as certified public accountants, tax consultants, and bookkeepers. Additionally, they rely on access to financial data, tax codes, and other regulatory information, as well as office equipment, software, and computing infrastructure to support their operations.

The primary outputs of this industry are financial statements, tax returns, audit reports, and other financial advisory services. These outputs are consumed by a wide range of clients, including 69 Legal and accounting activities, 64 Financial service activities, except insurance and pension funding, and 84 Public administration and defence; compulsory social security.