The Most Significant Challenges for CPA Firms

Source: Inside Public Accounting

IPA’s annual survey of accounting firms for 2005 shows the challenges facing accounting firms. Here are some of them in order of importance: 

1. Recruiting and retention of staff
2. Retirement of partners and succession planning
3. Growth and earnings
4. Paperless offices
5. Training
6. Regulatory matters and professional standards
7. Leadership training
8. Partner compensation and management
9. Client matters—recruiting, retention, and services
10. Firm culture—how to develop and maintain it
11. Mergers and acquisitions

From Inside Public Accounting, October 2005, p. 10. Hudson Sawyer Professional Services Marketing Inc. www.hudsonsawyer.com. Subscription $345 per year; back issues—nonsubscribers $40. 404-264-9977. [email protected].