Survey on Firm Management Practices
Source: Accounting Office Management & Administration Report
From AOMAR’s 2008 CPA Firm Practice Management Survey:
| Percentage of Firms Using | |
| CEO and board of directors | 30.9 |
| CEO (MP) and no board | 27.8 |
| Executive Committee decides, MP executes | 23.7 |
| Formal succession plan | 26.7 |
| No succession plan, but working on it | 21.8 |
| No succession plan and not working on it | 23.8 |
| Expect merger in next year | 9.4 |
| Reasons for merger: | |
| Succession planning/retirement | 34.4 |
| Add new niches | 31.3 |
| Geographic expansion | 28.1 |
| Alliances/joint ventures | |
| With CPA firms | 19.2 |
| With CPA firms and other firms | 25.3 |
| Planning alliances | 14.1 |
| Popularity of alliances: | |
| Consulting | 33.0 |
| Audits | 29.5 |
| Tax | 18.8 |
| Sarbanes-Oxley | 8.9 |
| Review/compilation | 9.8 |
Note: Merger activity seems to involve more talk than action. Alliances seem to be gaining in popularity.
The CPA Firm Statistical Analysis Reference Handbook 2008 containing complete results is available from IOMA Subscriber Services at 800-401-5937, extension 2. Ask for product #2639M. Price: $449 plus $12.95 shipping and handling.
From Accounting Office Management & Administration Report, January 2008, p. 1. For subscription information contact Institute of Management & Administration, Inc., 3 Park Avenue, 30th Floor, New York, NY 10016-5902. One-year subscription $399. 212-244-0360, [email protected].
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