Major Group SIC 8721 - Accounting, Auditing, And Bookkeeping...

SIC 8721 - Accounting, Auditing, And Bookkeeping Services

SIC 87 - Engineering, Accounting, Research, Management, And Related Services
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 872 - Accounting, Auditing, And Bookkeeping Services
  SIC 871 - Engineering, Architectural, And Surveying SIC 872 - Accounting, Auditing, And Bookkeeping Services SIC 873 - Research, Development, And Testing Services SIC 874 - Management And Public Relations Services
  - SIC 8721 - Accounting, Auditing, And Bookkeeping Services
    SIC 8721 - Accounting, Auditing, And Bookkeeping Services

Establishments primarily engaged in furnishing accounting, bookkeeping, and related auditing services. These establishments may use data processing and tabulating techniques as part of providing their services. However, establishments primarily engaged in providing data processing and tabulating services are classified in Industry 7374. Establishments providing income tax return preparation service without also furnishing accounting, auditing, or bookkeeping services are classified in Industry 7291.

Industry trends:

The accounting, auditing, and bookkeeping services industry (NAICS 8721) has been undergoing numerous qualitative shifts driven by technological advancements and evolving client expectations. One of the most notable trends is the accelerated adoption of cloud-based accounting software. These platforms are offering real-time financial data access and more efficient handling of transactions, which have become essential for modern businesses. Additionally, there's a growing emphasis on data security and cybersecurity measures, given the sensitive nature of financial data.

Another significant trend is the integration of artificial intelligence (AI) and machine learning. These technologies are streamlining routine tasks such as data entry and reconciliation, allowing accountants to focus on more strategic, value-added services. Furthermore, the demand for advisory services is increasing as businesses look for insights beyond traditional compliance and reporting. Accountants are now expected to provide strategic advice on financial planning, risk management, and business growth strategies.

Looking ahead, we can forecast that the industry will continue to evolve with more firms adopting automation and AI-powered tools to enhance efficiency and decision-making. Remote work is likely to persist, with firms offering flexible working arrangements to attract and retain top talent. Additionally, there will be a heightened focus on sustainability reporting, as environmental, social, and governance (ESG) standards become increasingly important to stakeholders.

This industry is comprised of:

Accounting service

Auditing service, accounts

Bookkeeping and billing service

Certified public accountants (CPAs)

Payroll accounting service

Public accountants certified

Explore related industries:

SIC 3769 - Guided Missile and Space Vehicle Parts and Auxiliary Equipment SIC 3812 - Search, Detection, Navigation, Guidance, Aero and Water Systems and Instruments SIC 7379 - Computer Related Services, Not Elsewhere Classified

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