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Accounting facts & stats
6 sourced facts about accounting, each with the context behind the number. 4 more are in today's round and appear here after it closes.
The basics
What was the median annual wage for U.S. accountants and auditors in May 2025?
Answer$83,680
Half of accountants and auditors earned more than this and half earned less.
Source: U.S. Bureau of Labor Statistics, Occupational Outlook Handbook (2025) bls.gov
In the double-entry bookkeeping system described by Luca Pacioli, where did he advise merchants to record debits?
Answeron the left side (credits on the right)
Pacioli published a detailed description of double-entry bookkeeping, a method that keeps business transactions in balance.
Source: Encyclopaedia Britannica, Luca Pacioli (2024) britannica.com
Expert level
What share of U.S. accountants and auditors work for accounting, tax preparation, bookkeeping and payroll firms?
Answer21%
Most work elsewhere — in finance and insurance (8%), government (8%), company management (6%) and many other industries.
Source: U.S. Bureau of Labor Statistics, Occupational Outlook Handbook (2025) bls.gov
How many tax return audits did the IRS close in fiscal year 2025?
Answer497,621 audits
They resulted in $26.8 billion in recommended additional tax — a small number of audits compared with 271.4 million returns and forms processed.
Source: IRS, SOI Tax Stats – IRS Data Book (2025) irs.gov
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