Survey of CPA Firm’s Major Problems

Source: Practical Accountant

From the 2007 AICPA PCPS Top Management of an Accounting Practice Issues Survey:

• The top issue for most firms is attracting personnel.
• The importance of retention varies in proportion to the size of the firm.
• Sole practitioners are worried about complicated tax rules, accounting standards, technology, and flexible work arrangements.
• Firms of up to 20 people are concerned about maintaining standards.
• For firms with over six professionals, succession planning is a concern.

For the complete article, click here and select Staffing and Standards Dominate CPAs’ Concerns in the January 2008 issue.

From Practical Accountant, January 2008, SourceMedia Inc., One State Street Plaza, 27th Floor, New York, NY 10004, 800-221-1809.

Measuring CPA Leadership Effectiveness

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