Posts Tagged ‘accountability’

Thursday, June 13th, 2013

AICPA PCPS 2013 Top Issues Survey

On Tuesday, the AICPA released the results of the 2013 CPA Firm Top Issues Survey.

I like the way they break it down by firm size:

  • Sole practitioners
  • Firms with 2-5 professionals
  • Firms with 6-10 professionals
  • Firms with 11-20 professionals
  • Firms with 21 or more professionals

However, I actually don’t like the way they word it…. I believe everyone working inside a CPA firm is a professional. It is a professional services organization, so the firm administrator, marketing director, HR direction, technology team and admin team are all professionals to me.

I was not surprised to see that the competition for top talent is heating up again.

One surprising issue to me – at the top spot for large firms is Partner Unity & Accountability. I’m glad to see that firms are admitting it and hopefully dealing with it.

Sole Practitioners:

  1. Keeping up with changes and complexity of the tax laws
  2. Bringing in new clients
  3. Seasonality/workload compression
  4. Retention of current clients
  5. Cost and complexity of new federal and sate regulations

Firms with 2-5 Professionals:

  1. Keeping up with changes and complexity of the tax laws
  2. Succession planning
  3. Finding qualified staff (all levels)
  4. Bringing in new clients
  5. Seasonality/workload compression

Firms with 6-10 Professionals:

  1. Succession planning
  2. Finding qualified staff (all levels)
  3. Bringing in new clients
  4. Retaining qualified staff (all levels)
  5. Owner/partner accountability and unity

Firms with 11-20 Professionals:

  1. Bringing in new clients
  2. Finding qualified staff (all levels)
  3. Succession planning
  4. Retaining qualified staff (all levels)
  5. Retention of current clients.

Firms with more than 20 Professionals:

  1. Owner/partner accountability and unity
  2. Bringing in new clients
  3. Retaining qualified staff (all levels)
  4. Succession planning
  5. Finding qualified staff (all levels)

If you want to see a comparison of the 2013 findings with the 2011 findings (the last time the survey was conducted), you can find it here.

  • Alone we can do so little; together we can do so much.
  • Helen Keller