Accounting, bookkeeping and auditing activities; tax consultancy

NACE code 69.2 encompasses a vital industry that provides essential financial and advisory services to businesses and individuals across the economy. Accounting, bookkeeping, and auditing activities, as well as tax consultancy, are crucial components of the modern business landscape, ensuring compliance, financial transparency, and strategic decision-making. This industry plays a pivotal role in supporting the growth and success of organizations of all sizes, from small enterprises to large multinational corporations.

Professionals within this industry utilize a range of techniques to provide their services. This includes the preparation and analysis of financial statements, the maintenance of accounting records, the conduct of audits to verify the accuracy of financial information, and the provision of tax planning and compliance advice. These activities often involve the use of specialized software, data management systems, and analytical tools to ensure the efficient and accurate processing of financial data.

The key inputs required for this industry include highly skilled and qualified personnel, such as certified public accountants, chartered accountants, and tax consultants. Additionally, the industry relies on access to up-to-date financial and tax regulations, as well as robust data management and information technology infrastructure to support the processing and analysis of financial information.

The primary outputs of this industry are the provision of financial reporting, auditing, and tax advisory services to a wide range of clients. These services are essential for 64.2 Financial service activities, except insurance and pension funding and 70.1 Activities of head offices, as well as for 84.1 Administration of the State and the economic and social policy of the community, which relies on accurate financial information for policy-making and regulatory purposes.