June 2012 Leadership Forum
Vol. 4 No. 6, June 2012
The Leadership Forum is a panel of the most prominent thought leaders in the profession. Each month we ask them to respond to a question dealing with CPA firm management and leadership.
This month's question is: What will be the impact on the accounting industry of all the consolidation of firms that continues to increase?
Consultants and Other Prominent Observers
| August Aquila | Aquila Global Advisor Group, LLC | www.aquilaadvisors.com [email protected] |
| ...I think it could be the best thing that has happened because it allows the strong firms to become stronger and at the same time creates opportunities for entrepreneurial accountants to start new firms... More | ||
| William Carlino | Transition Advisors | www.transitionadvisors.com [email protected] |
| ...You will also see firms evolving through combinations and mergers by targeting client niches and services they previously had not offered or wanting to strengthen ... More | ||
| Bob Lewis | Visionary Marketing | www.thinkvisionary.com [email protected] |
| ...The larger firms will gain some benefits, but eventually other competitors will surface that will carve out niches or compete on price or service... More | ||
| Cornell Rudov | CPAsNet | www.cpasnet.com [email protected] |
| It is a profession not an industry. More consolidations will create new mid-level firms... More | ||
| Joel Sinkin & Terry Putney | Transition Advisors | www.transitionadvisors.com [email protected] |
| ...One outcome from the consolidations will likely be the replacement of the largest local firms in many markets by regional and national firms. Mostly because they will be absorbed by consolidation and the smaller firms will take time to grow... More | ||
| Rick Telberg | CPA Trendlines | www.cpatrendlines.com [email protected] |
| ...For now, it's creating retirement plans for CPAs who otherwise don't have one and creating new and efficient organizations... More | ||
| Lisa Tierney | TIERNEY Coaching & Consulting | www.TIERNEYCoaching-Consulting.com [email protected] |
| ...The larger, national providers enjoyed growth that was fueled by advanced technologies and all enjoyed efficiency gains... More | ||
| Jennifer Wilson | ConvergenceCoaching LLC | www.convergencecoaching.com [email protected] |
| ...Overall, we will see fewer but tougher competitors pursuing clients and fees increasing or stabilizing as providers go down... More | ||