Accounting, bookkeeping and auditing activities; tax consultancy

NACE code 69.20 covers a vital industry within the broader professional services sector. Accounting, bookkeeping, and auditing activities, as well as tax consultancy, play a crucial role in supporting businesses and individuals in managing their financial affairs. This industry is essential for ensuring compliance with tax regulations, providing financial insights, and enabling informed decision-making across the economy.

Professionals in this industry utilize a range of techniques to provide their services. This includes gathering and analyzing financial data, preparing financial statements and reports, conducting audits, and offering tax planning and advisory services. Accountants and bookkeepers often utilize specialized software and digital tools to streamline their processes and ensure accuracy in their work.

The main inputs required for this industry are highly skilled professionals, such as certified public accountants, chartered accountants, and tax consultants. These individuals possess specialized knowledge and expertise in areas like financial reporting, tax law, and auditing. Additionally, the industry relies on access to financial data, regulatory information, and various software applications to support their work.

The primary outputs of this industry are financial reports, tax returns, audit findings, and advisory services. These outputs are consumed by a wide range of other NACE codes, including 64.20 Financial services activities, except insurance and pension funding, 68.10 Buying and selling of own real estate, and 70.10 Activities of head offices. The services provided by this industry are essential for businesses and individuals to maintain financial compliance, manage their tax obligations, and make informed financial decisions.