Wednesday, November 4th, 2015

Fewer CPA Firms

This is one of those on-my-mind type blog posts.

Yesterday I was reading about the latest mergers happening in the world of public accounting. Well, actually, everyday I read about the latest mergers and it has been happening for the last several years.

I wonder if anyone is keeping track of the real number of CPA firms and how that number must be dwindling.

I have heard the experts (association leaders, other consultants, etc.) say that there are approximately 43,000 accounting firms out there and that the firms of any size at all number around 2,500 and the rest are sole practitioners. The 500th largest firm has 20 CPAs.

The AICPA separates the largest 500 firms into two groups the G100 and the G400. I am sure that the list of top 500 firms has changed significantly in the last five years.

Almost every firm I talk with has talked to another firm about a merger or is currently in active talks about merging.

Has your partner group honestly discussed where your firm is headed? It’s time to talk about it.

  • "Your life does not get better by chance. It gets better by change."
  • Jim Rohn

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