Types of Accountancy: Management Consultancy


Management consultancy is a lucrative source of income for accountants.

However, management consultants are often viewed cynically.

Management consultancy embraces a whole range of activities such as special efficiency audits, feasibility studies, and tax advice. Many professional accounting firms now make more money from , management consultancy than from auditing.

Examples of Management Consultancy

  • Investigating the feasibility of a new football stadium
  • Costing of a local authority’s school meals proposals

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