Local accounting firm, Prosperity, has remained in a steady position despite the challenges faced across Accounting and Financial advisory firms this year.

The firm has risen one place in the Australian Financial Review’s Top 100 Accounting Firms list to be now ranked #33 by revenue.

The Australian Financial Review Top 100 Accounting Firms list gives a comprehensive look at how the key firms in the industry are performing.

The Australian Financial Review Top 100 Accounting Firms for 2019 shows that more than half of the surveyed firms nominated business, tax and risk advisory as the fastest growing parts of the business.

Advisory now accounts for about 29 per cent of revenue at the top firms, up two percentage points from last year; while audit accounts for an average of just ten per cent of income. These figures exclude the big four firms, which did not provide a breakdown of income.

Commenting on the achievement, CEO Allan McKeown, said that despite the challenges face this year it’s great to see that the business is still making steady growth.

“It’s an exciting yet challenging time for the accounting and financial advisory professions. With technology driving the business success of many of our clients, accounting firms are aligning with market demand and investing significantly,” Allan said.

The key to remaining ahead involves developing stronger skills and systems to retain the trusted advisory position, Allan said.

“We are developing stronger analytical skills and new systems and processes to retain our trusted adviser position.”

Allan thanked the team, which expands across Sydney, Brisbane and Newcastle as well as their clients and friends for their ongoing support.

This list was produced by the Financial Review in partnership with Chartered Accountants ANZ.

IMAGE | Prosperity Advisers team celebrate continued business growth.