Accounting Firm Growth Statistics

Source: Practical Accountant

According to a survey by Marc Rosenberg of The Rosenberg Associates (www.rosenbergassoc.com), accounting firms’ revenues grew by 9.7 percent in 2005, compared to 7 percent in 2004.

Growth was uneven throughout the size ranges:

Revenue Range	Revenue Growth
Over $10 million	15.8 %
$2 to $10 million	08.3
Under $2 million	04.4

Rosenberg reports that smaller firms were held back by staff shortages.

Twenty-three percent of firms in the largest category said Sarbanes-Oxley was a significant factor in their growth.

Larger firms had a recruiting advantage. Their staffs grew by 5 percent to 10 percent. The smallest firms reported declines in staff counts.

Billable hours for staff were 1,539, the most since 2000.

The survey can be purchased at www.rosenbergassoc.com.

From Practical Accountant, November 2006, SourceMedia Inc., One State Street Plaza, 27th Floor, New York, NY 10004, 800-221-1809. For the complete article, click on the following link: http://www.webcpa.com/article.cfm?articleid=22245&;pg=pracacc.