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NAICS Code· 541211

NAICS 541211: Offices of Certified Public Accountants

This U.S. industry comprises establishments of accountants that are certified to audit the accounting records of public and private organizations and to attest to compliance with generally accepted accounting practices. Offices of certified public accountants (CPAs) may provide one or more of the following accounting services: (1) auditing financial statements; (2) designing accounting systems; (3) preparing financial statements; (4) developing budgets; and (5) providing advice on matters related to accounting. These establishments may also provide related services, such as bookkeeping, tax return preparation, and payroll processing. Cross-References. Establishments primarily engaged in--Show more

NAICS 541211 — Offices of Certified Public Accountants encompasses professional accounting services delivered by licensed CPA firms, including financial audits, internal control assessments, forensic accounting, tax compliance, and advisory services aligned with federal financial management standards. These firms support government agencies in ensuring fiscal accountability, adhering to Government Auditing Standards (GAGAS), and maintaining compliance with OMB Circular A-136 and Federal Financial Management Improvement Act requirements.

204
Active Contracts
$347.5M
Total Obligations (12mo)
306
Awarded Contracts (12mo)
87
Contractors Awarded (12mo)
2
Median Bidders per Award
-3.0%
YoY Growth

Industry Spending Overview

Federal obligations, top contractors and agencies, and related industry codes for NAICS 541211.

AI Industry Description

NAICS 541211 — Offices of Certified Public Accountants encompasses professional accounting services delivered by licensed CPA firms, including financial audits, internal control assessments, forensic accounting, tax compliance, and advisory services aligned with federal financial management standard...

NAICS 541211 — Offices of Certified Public Accountants encompasses professional accounting services delivered by licensed CPA firms, including financial audits, internal control assessments, forensic accounting, tax compliance, and advisory services aligned with federal financial management standards. These firms support government agencies in ensuring fiscal accountability, adhering to Government Auditing Standards (GAGAS), and maintaining compliance with OMB Circular A-136 and Federal Financial Management Improvement Act requirements. In the federal contracting landscape, this NAICS code serves as a critical enabler of transparency and financial integrity, with agencies relying on independent external and internal audit functions to safeguard public funds and strengthen governance. Top contractors in this sector include Deloitte Consulting LLP, RM Advisory Services, LLC, and Hanks, Hanks and Associates, LLC — a mix of large multinational professional services firms and specialized small businesses with deep expertise in federal financial systems. The competitive landscape is characterized by a blend of Big Four firms with broad federal contracts and nimble niche providers offering tailored audit and compliance solutions, often competing through demonstrated experience with agency-specific financial environments and certified public sector audit credentials. Key government buyers include the Department of Defense, Department of Homeland Security, Department of Justice, Office of Personnel Management, and Department of the Treasury, among others. These agencies drive demand through missions requiring rigorous financial oversight, grant management audits, procurement integrity reviews, and compliance with the Chief Financial Officers Act. High-volume recipients also include the Department of Health and Human Services and Department of Veterans Affairs, where complex benefit disbursement systems necessitate continuous financial monitoring. The market offers consistent opportunity density due to statutory audit requirements and evolving regulatory frameworks. Contractors with expertise in single audit requirements, Uniform Guidance (2 CFR 200), and federal information system controls are well-positioned to win engagements. Growing emphasis on data-driven audit analytics and continuous monitoring is reshaping service delivery, favoring firms that integrate technology-enabled audit tools with traditional CPA methodologies.

Small Business Size Standard

The SBA threshold that decides who can bid NAICS 541211 work as a small business.

$26.5M
Applies to the whole industry code

The SBA cap for this NAICS (13 CFR 121.201). A business at or under it can self-certify as small for work in this code, which is what makes it eligible for a small-business set-aside. The cap is set per NAICS, so the same company can be small in one code and not in another.

13 CFR 121.201, effective January 1, 2026. The SBA revises the table roughly once a year.

Top Contractors

Companies with the highest total award value under NAICS 541211, ranked by dollars won.

Ranked by total awards

Competition

How many companies historically bid on federal awards in NAICS 541211, from bidder counts reported on USAspending.

Fewer Bidders

Median under 3 bidders per reported award. · 10,683 reported awards

Median Bidders

2

Per reported award, all-time

Single-Bid Awards

49%

Share of reported awards with one bidder

10+ Bidder Awards

9%

Share of reported awards with 10+ bidders

Reported Awards

10,683

79% of 13,569 total awards

Bidder Count Distribution by Fiscal Year

Share of reported awards in each bidder-count bracket per federal fiscal year.

How this code compares up the NAICS hierarchy. Parent cohorts pool every code under their prefix, so they are the steadier baseline when a 6-digit sample is thin.

Industry FamilyCompetitionMedian BiddersSingle-BidBidder MixReported Awards
541211This Code
Offices of Certified Public Accountants
Fewer Bidders249%
10,68379% of 13,569
54121NAICS Industry
Fewer Bidders247%
21,26879% of 26,866
5412Industry Group
Accounting, Tax Preparation, Bookkeeping, and Payroll Services
Fewer Bidders247%
21,26879% of 26,866
541Subsector
Fewer Bidders249%
2,918,78285% of 3,416,794
54Sector
Professional, Scientific, and Technical Services
Fewer Bidders249%
2,918,78285% of 3,416,794

Bidder counts reported on past federal awards in this NAICS (USAspending). An open opportunity has no bidders yet, so this is the historical norm for similar work, not a fact about this solicitation. Not all awards report bidder counts, and fewer bidders often means incumbent-held work rather than an easier win. Federal reporting of bidder counts fell from ~96% of awards (FY2016) to ~30% (FY2018 onward); the chart shows shares of reported awards, and washed-out stretches mark years with fewer than 30 of them.

Related NAICS Codes

Industries similar to Offices of Certified Public Accountants, by shared sector, subsector, and industry group.

Explore contracts across multiple NAICS codes Browse all NAICS Codes

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NAICS 541211 FAQ

Frequently Asked Questions

NAICS code 541211 covers Offices of Certified Public Accountants. This U.S. industry comprises establishments of accountants that are certified to audit the accounting records of public and private organizations and to attest to compliance with generally accepted accounting practices. Offices of certified public accountants (CPAs) may provide one or more of the following accounting services: (1) auditing financial statements; (2) designing accounting systems; (3) preparing financial statements; (4) developing budgets; and (5) providing advice on matters related to accounting. These establishments may also provide related services, such as bookkeeping, tax return preparation, and payroll processing. Cross-References. Establishments primarily engaged in--

Recently Posted in Offices of Certified Public Accountants

NAICS: 541211
New
SLED
IT Internal Audit Co-Sourced Services
Solicitation # 261007
The University of Arkansas System is soliciting proposals for IT Internal Audit Co-Sourced Services to support its Internal Audit Department starting in fiscal year 2027. The selected firm will collaborate with the Chief Audit Executive to plan and execute impactful IT audit projects, providing preliminary observations, draft reports, and final written reports for presentation to the Audit and Fiscal Responsibility Committee. All services must adhere to the Global Internal Audit Standards, Topical Requirements, and Global Practice Guides issued by the Institute of Internal Auditors. The contract is envisioned for an initial term of two years, with options to renew for up to five additional years, for a maximum total duration of seven years. The University estimates an annual requirement of 1,500 to 2,000 audit hours. Proposals will be evaluated on a 100-point scale based on the offeror's organizational profile, technical approach, and cost, with the lowest estimated cost receiving the maximum 30 points for the pricing section. Award will be granted to the responsible offeror deemed most advantageous to the Internal Audit Department. Payment is milestone-based, triggered by the completion of planning, fieldwork, and the acceptance of final audit reports. Contractors must maintain comprehensive insurance coverage, including general liability of at least 1 million dollars per occurrence, and comply with strict confidentiality requirements regarding student records and GDPR. Additionally, offerors must certify compliance with Arkansas state laws regarding boycotts of Israel and certain industries, as well as restrictions on ownership by the government of the People's Republic of China.
University of Arkansas System (USYS)

POSTED

in 26 days

DEADLINE

in 26 days
View Details
NAICS: 541211
New
SLED
Draft External Audit Services
Solicitation # GEN2132533P1
Broward County, Florida, is issuing a draft solicitation for a qualified independent Certified Public Accounting firm to provide external audit services. The scope of work involves conducting annual financial and compliance audits for the County, its Constitutional Officers, and Component Units, with a specific focus on detecting material errors, irregularities, and defalcations. Deliverables include separate audit reports and management letters for various entities, with all grant audits performed under the Federal Single Audit Act and the Rules of the Auditor General. The contract will be awarded to a responsive and responsible vendor based on a 100-point evaluation system focusing on pricing and location, with a stated preference for non-incumbent auditors if the current firm has served for ten or more years. The agreement includes a 25 percent Broward County Business Enterprise goal and requires strict adherence to various legal and regulatory standards, including HIPAA, the Americans with Disabilities Act, and Florida data privacy laws. Key personnel, defined as Partners, Managers, and In-Charge Auditors, must be appropriately experienced, and any changes to this staff require 30 days advance notice. The contract features an initial term with potential one-year renewals and a payment cycle of 30 days following the receipt of a proper invoice. All proposals must be submitted electronically through the BPRO system, including required certifications regarding drug-free workplaces, non-collusion, and criminal history screening.
Broward County

POSTED

3 days ago

DEADLINE

in 1 day
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