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Publication

Diversification of external accountants serving small and medium-sized enterprises: evidence from Belgium

Journal Contribution - Journal Article

The purpose of this study is: (1) to discover which services are offered by external accountants serving small and medium-sized enterprises (SMEs); (2) to study the factors that are associated with the degree of diversification of the services offered by these accountants; and (3) to investigate if there are differences between self-employed accountants and accounting firms on the previous two points. This study has some interesting conclusions:(1) the heterogeneity of internal staff is not significantly associated with the degree of diversification; (2) a homogeneous internal staff with an accounting background is particularly important for accounting firmsthat diversify their services in the accounting and tax area; (3) collaboration with other service providers isan important factor associated with more diversification of the services; (4) marketing is only important for self-employed accountants; (5) accounting firms offer fewer non-accounting-related services if they serve more micro clients (fewer than 10 employees), whereas self-employed accountants offer more accounting and tax services if they serve more micro clients (fewer than 10 employees); and (6) accounting firms that diversify in accounting and tax services mainly serve more micro clients (fewer than 10 employees), whereas accountingfirms that diversify in non-accounting areas serve more larger clients (more than 10 employees).
Journal: Australian Accounting Review
ISSN: 1035-6908
Issue: 2
Volume: 25
Pages: 155 - 174
Publication year:2015
Keywords:Economics, business & management