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, along with tax consultancy, play a crucial role in supporting businesses and individuals in managing their financial affairs. This industry is essential for ensuring compliance, 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.

The main inputs required for this industry include skilled labor, such as certified public accountants, bookkeepers, and tax consultants. Additionally, the industry relies on access to financial data, regulatory frameworks, and industry-specific software and technology. Office space, computing equipment, and administrative support are also important inputs for this sector.

The primary outputs of this industry are financial reports, tax filings, audits, and advisory services. These outputs are consumed by a wide range of other NACE codes, including 64.20 Financial activities, except insurance and pension funding, 68.10 Real estate activities with own or leased property, and 70.10 Activities of head offices. The services provided by this industry are essential for the smooth operation and financial management of businesses across the economy.