AICPA: Client Accounting Services Emerging as Significant Revenue Source

Client accounting services has become an important line of business for CPA firms of all sizes, even as overall client fees are growing, according to a survey sponsored by the AICPA Private Companies Practice Section and CPA.com.

One trend is growing penetration of the client accounting services/virtual CFO services category for larger firms. The slice of net client fees represented by that service area, which includes outsourced finance and accounting services and other back-office support for clients, more than doubled to 9% for the largest firms with annual revenue of $10 million or more who are active in this area, according to the 2016 National Management of an Accounting Practice (MAP) Survey. It also increased by double digits for the next two largest segments: firms with revenue of $5 million to less than $10 million and revenue of $1.5 million to less than $5 million.

“It’s safe to say that nearly 10% of revenues in the profession are focused on client accounting,” said Mark Koziel, the AICPA’s executive vice president of firm services, who discussed the survey results at the 2016 Digital CPA Conference. “And depending on the size of the firm, it may be more or slightly less, but overall it’s a strong category on its own. Tax and audit continue to be the No. 1 and No. 2 revenue categories, but client accounting demonstrates growing significance to the profession.”

On another front, CPA firms use of cloud services has grown since 2014. Some 56% of all firms surveyed said they use cloud-based software, up 17% from two years ago. Six of seven CPA firm revenue segments reported increases, with only the largest category ($10 million in revenue and up) reporting a slight decline (-1 %). Use of cloud-based remote backup increased 14% to 57% for all firms, and an identical number reported that they capture source documents digitally.

“We’re seeing broad pickup in cloud services and other emerging technologies,” said Erik Asgeirsson, president and CEO of CPA.com. “The next wave that leads to greater productivity and capabilities for advanced firms is fuller integration of these technologies and the elimination of bottlenecks in work processes.”

Among other findings of the survey:

  • Some 38% of firms provide staffers with tablets or mobile monitors to work remotely, with 91% of the largest firms ($10 million in revenue and up) doing so
  • Some 49% of firms are using social media for business development, while 29% are using it for recruitment, although the latter is far more common for larger firms

Transparency, Feedback and Mentoring: Improved Communication Goes a Long Way With Young Professionals

By Christina Camara
INSIDE Public Accounting

As the economy has improved over the last few years, the search for the best accounting professionals has heated up with it. Now, it’s safe to say, the profession is immersed in a full-fledged talent shortage, which is worsened by waves of partner retirements and staff departures.

Chris Camara

Chris Camara

Year after year, accounting firm leaders say staffing is a huge concern. According to the most recent AICPA Top Issues survey, the No. 1 issue was retaining qualified staff and No. 2 was finding qualified staff for firms with 21 or more professionals.

Demographic shifts, revealed through more than 540 responses to IPA’s annual Survey and Analysis of Firms this year, show that while the percentage of young people entering the accounting workforce is growing, those with several years of experience is shrinking.

Additional research, conducted by IPA and ConvergenceCoaching, shows that firms can take advantage of easy-to-implement, no-cost (or low-cost) solutions that young people say would greatly improve their work experience. A key theme? Communication.

RTR imageGiven the critical importance of the under-40 age group to the future of the CPA profession, IPA surveyed 723 accounting professionals aged 21 to 40. The full results can be found in “The Road to Retention: Motivators and Drivers for Young Public Accounting Professionals.”

Here are some suggestions gleaned from their comments.

Share Information

When the “Road to Retention” survey respondents were asked to name the most important pieces of information they would like the partner group to share, the top five responses were:

  • More defined career expectations – This was the highest-ranking factor, mentioned by 38% of respondents. Young professionals said they wanted a clear, written explanation of the competencies expected at each level of advancement at the firm, as well as honest feedback on their performance and appreciation for their contribution.
  • An understanding of the firm’s vision and strategy – This response suggests firm leaders may not be clearly communicating their firm’s vision. Young professionals want to know if they’re part of an enterprise that matches their own values.
  • A clear understanding of the path to partnership – Similar to the top response, this answer suggests 21- to 40-year-old professionals don’t want to simply keep their heads down and work until someone notices them. They want to know, up front, what it takes to climb the ladder to firm ownership.
  • Knowledge about the firm’s finances – How does the firm measure success? Is the firm financially healthy? What metrics are used to measure this? Young professionals would greatly appreciate more transparency around firmwide performance numbers. IPA surveyed 134 firms this year on issues specific to firm administration and found that they differ widely on the types of financial information that are shared with staff. IPA’s 2016 Firm Administration Report says that 55% share top-line numbers firmwide, while 36% share utilization figures and just 14% share data on profitability with all staff.
  • Improved communication – Under-40 CPA professionals are looking for clear, consistent and more frequent communication.

Other Communications Issues cover_2016

IPA also recently surveyed 136 firms for its 2016 Human Resources Report and found additional results that back up the concerns of the young professionals surveyed in Road to Retention.

For example, nearly a third of under-40 CPA respondents listed their firm’s mentoring program as an area of weakness. Of all firms that participated in the IPA Human Resources survey, mentoring programs are offered by 80% but only one in 10 rate effectiveness as excellent. In fact, 11% rate it as “fair” or “poor.”

Furthermore, results from both surveys show that firms can be doing a better job at communicating with their staff about their performance.

According to the IPA HR survey, professional staff are reviewed semi-annually in 37% of firms, and annually in 46% of firms. Young professionals told IPA/ConvergenceCoaching that they want feedback much more frequently than what 83% of firms in the HR survey are currently offering. The 20- to 33-year olds most often reported that they want performance feedback monthly; the 34- to 40-year-olds want quarterly feedback.

Last, firm leaders should consider yet another communication issue raised by young professionals: They say firm leaders and managers are not doing a good job of involving them in decisions, with clients or internally, that affect them. It was the No. 1 overall firm weakness cited.

Improving communication will certainly be time-consuming and will take a concerted effort, but the data shows the payoff should be well worth the investment. “The Road to Retention” offers a recommendation: Form an advisory board made up of under-40 professionals. Give the group the task of studying changes they’d like to see in the firm and recommending how to implement them. The next part is critical: Listen to their ideas and put them into practice if they make sense. The future of your firm depends upon it.

Christina Camara is managing editor of the monthly INSIDE Public Accounting newsletter.

INSIDE Public Accounting Releases The 2016 National Benchmarking Report

Strong Revenue, Steady Profits, Changing Service Mix Underscore the State of the Nation’s Public Accounting Firms

The nation’s accounting firms are experiencing the strongest growth in revenues since the recession, averaging 6.3% last fiscal year, according to the just-released INSIDE Public Accounting’s (IPA) National Benchmarking Report.

Order the 2016 IPA National Benchmarking Reportcover_2016_

In fact, 85% of the 540 firms that participated in IPA’s Annual Survey and Analysis of Firms experienced positive organic revenue growth. One in four firms experienced double-digit growth, and 4% of all participating firms grew organically at a rate of more than 20%.

Merger activity is still strong, particularly at the largest firms of $30 million and up. In this range, 45% reported at least one acquisition last year. Mergers have added an average of 3.1% to net revenue growth for the IPA 100 firms, the largest 100 firms in the country.

IPA’s National Benchmarking Report provides detailed information in 80+ pages of tables presented in nine different revenue bands and regional breakouts so firms can easily compare with other similar-sized firms.

This 27th annual report, the largest of its kind, is based on survey results from more than 540 accounting firms – a strong representation of the profession, including 225 firms under $10 million, 223 firms between $10 million and $50 million, and 69 firms above $50 million in net revenue.

“Firms are getting larger and adapting to changes in the business environment with new services,” says IPA Publisher Mike Platt. “The data shows partners are making more money too, growing at every level but especially at many smaller firms, where some leaders are quickly pivoting to emphasize wealth management or consulting services while taking full advantage of technology to increase efficiency and reduce office space costs.”

The data also reveals staffing challenges. Kelly Platt, IPA Publisher says, “The data shows that the IPA 100 firms specifically are losing a greater percentage of professional staff with 6-8 years of experience, and the percentage of staff with experience of two years or less is growing. It’s a job seekers’ market for professional staff with solid experience and deep expertise.”

The IPA National Benchmarking Report is used by managing partners, firm leaders, marketers, attorneys, firm administrators and business development directors to compare their firm’s performance against others, and to uncover trends, ideas and techniques to improve operations.

Some highlights:

  • Average net income per equity partner (NIPEP) in public accounting firms continues to rise, with gains over last year being made in nearly every revenue band.
  • Revenue per full time equivalent (FTE) is one of the strongest metrics available to show how well a firm is doing from year to year. Across all revenue bands, net revenue per FTE averages $179,297, up 2.8% over last year.
  • The $50 million-$75 million firms are showing the strongest increase in non-traditional services as a percentage of total revenue, with revenue divided nearly equally in three parts among tax, audit and “other” services.
  • Professional staff turnover rates in the largest firms (above $75 million) averaged 17.2% last year, with one in 5 experiencing turnover rates above 20%.
  • Average percentage of female ownership is at 17.5%, from 16.9% last year.

The report also covers partner compensation, administrative salaries, fees by niche, partner workloads, marketing costs, training requirements, realization, retirement plans and dozens of other metrics – both by revenue band and region of the country.

Some additional regional highlights:

NORTHEAST

5.5% – Organic Net Revenue Growth
7.3% – Organic Net Income Growth
16.3% – Professional Staff Turnover
$79,221 – Average Professional Staff Comp.

SOUTHEAST

6.6% – Organic Net Revenue Growth
5.8% – Organic Net Income Growth
11.8% – Professional Staff Turnover
$75,666 – Average Professional Staff Comp.

GREAT LAKES

5.1% – Organic Net Revenue Growth
7.6% – Organic Net Income Growth
13.2% – Professional Staff Turnover
$70,210 – Average Professional Staff Comp.

GREAT PLAINS

7.4% – Organic Net Revenue Growth
9.4% – Organic Net Income Growth
13.2% – Professional Staff Turnover
$74,980 – Average Professional Staff Comp.

WEST

7.2% – Organic Net Revenue Growth
9.4% – Organic Net Income Growth
15.0% – Professional Staff Turnover
$79,853 – Average Professional Staff Comp.

For additional insight into the results of the 2016 IPA National Benchmarking Report, access a complimentary copy of the full executive summary of the report.

Order the 2016 IPA National Benchmarking Report

The 2016 INSIDE Public Accounting Benchmarking Report ‘Executive Summary’ is Now Available

IPA presents the Executive Summary of its 2016 National Benchmarking Report, offered to all participants in this year’s IPA Survey and Analysis of Firms. Your contributions have made it possible to report on the state of the nation’s accounting firms. Thank you.

If you have not yet ordered the report tools for 2016, click here to order them today. Benchmarking is a self-improvement tool that allows firms to compare themselves with others to identify their strengths and weaknesses to learn how to improve.

Access your complimentary summary.

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INSIDE Public Accounting and ConvergenceCoaching Study Young Public Accounting Professionals; Release The Road to Retention

Given the importance of Millennials and Generation X to the future of the CPA profession, INSIDE Public Accounting and ConvergenceCoaching have analyzed input from more than 700 young professionals at CPA firms across the country, providing a focused look at what it takes to engage and retain these key team members.FrontCOVER_

You may download the Road to Retention Report.

An extensive survey was sent to young accounting professionals aged 21-40 in October, and the results have been analyzed to help firm leaders develop strategies to attract and retain this crucial demographic given that baby boomers are retiring in record numbers.

“We are excited by the insights gained by surveying young professionals in the profession. Some of the biggest insights gained include the continued pressure on the work hours expected and the young professionals’ desire for flexibility and work/life balance and the differences in motivators and engagement by gender and age,” says Kelly Platt, principal and managing editor at INSIDE Public Accounting.

“Firm leaders must continue to study the motivators and desires of their younger professionals,” says Jennifer Wilson, co-founder and partner at ConvergenceCoaching, LLC.  “This report will provide important insights into the things professionals most appreciate about their work – and leaders – in public accounting, and also highlight areas where they are less content,” continued Wilson.  “And, the report provides ideas for change that firm leaders should consider based on the feedback.”

HERE’S WHAT YOU WILL FIND INSIDE THE REPORT

  • 80% of respondents were from the all-important Millennial generation, aged 21-33, with 20% coming from the 34-40 age group. Male and female respondents were about evenly split at 51% and 49%, respectively.
  • 18% of respondents were from IPA Best of the Best firms. Their aggregate responses were broken out separately.
  • Key differences are outlined for CPAs and non-CPAs; men and women; younger and older professionals; and for respondents with varying levels of experience.

FINDINGS INCLUDE:

  • The most important factors that respondents say will determine whether they stay in public accounting
  • The most and least enjoyable aspects of work
  • What young professionals admire about mature professionals
  • Unique challenges encountered by young professionals
  • Information young professionals would like to be more exposed to
  • Biggest misconceptions about younger professionals (from their perspective)
  • Young professionals’ ideas to help different generations work better together

Learn what young professionals like and dislike most about their work, how they would change the workplace, their feelings about becoming a partner and the “stay factors” that would keep them in public accounting.

More than just numbers and graphs, the report also contains dozens of productive comments from young professionals about performance feedback, open communication and obstacles they face.

The report provides specific ideas on what firm management can do with this information to improve their firms and retain these future leaders. Some of these suggestions are inexpensive and easy to implement.

You may download the Road to Retention Report.

About INSIDE Public Accounting

INSIDE Public Accounting (IPA), founded in 1987, is published by The Platt Group. The Platt Group publishes both the award-winning INSIDE Public Accounting newsletter and the award-winning National Benchmarking Report. The Platt Group also consults with firms to help them become more successful. The Platt Group works with managing partners, CFOs and thought leaders across the nation to provide practical ideas, benchmarking data and information to take firms to the next level of improvement. For more information, to schedule an interview, or to inquire about presentations at meetings or retreats, please contact Chelsea Page at (317) 733-1920; info@plattgroupllc.com.

About ConvergenceCoaching

ConvergenceCoaching LLC is a national consulting firm dedicated to developing leaders and transforming teams through coaching and practice consulting – including retreats, strategic planning, and training. For over 16 years, ConvergenceCoaching has worked tirelessly to help develop CPA leaders build better practices, manage higher performance teams and achieve success. ConvergenceCoaching helps firms prepare for and manage change including those related to generational impacts as baby boomers transition out of leadership positions and the workplace, and as the Millennial generation transitions in. ConvergenceCoaching is helping to shape the conversation around anytime, anywhere work programs to address the increasing demand for flexibility and autonomy in the way professionals conduct their work. ConvergenceCoaching is committed to pioneering ways to support and embrace the next generation firm.

2016 Presidential Election is a Factor in Business Planning, Majority of Business Executives Say

A majority of U.S. business executives say the upcoming 2016 presidential election has an impact on their company’s business planning for the next fiscal year – but not when it comes to hiring or capital expenditures, according to a recent survey by the AICPA.

Sixty-four percent of CEOs, CFOs, controllers and other senior-level CPAs in U.S. companies polled by the AICPA in the first quarter said the outcome of the 2016 presidential election is a consideration or factor in their company’s business planning, budgeting or forecasting for the next fiscal year. Business executives ranked the election fourth in impact in this regard, behind potential changes in general economic conditions, the industry-specific outlook for survey takers’ businesses, and interest rates and borrowing costs. The election was tied in perceived impact with potential ramifications of the strong dollar, and ahead of volatility in equity markets.

“Company executives are clearly monitoring the potential business impact of the presidential election,” says Arleen Thomas, the AICPA’s senior vice president for management accounting and global markets. “But overall economic conditions and challenges for their particular industries are weighing more heavily in their calculations right now, and that’s likely why we’re seeing little election-cycle impact on such key categories as hiring or capital spending.”

Eighty-one percent of survey takers say the election is either not a factor in staffing decisions (56%) or that they plan to continue hiring at their current pace (25%). Another 13% said they will defer hiring until after the election, while 5% said they will reduce hiring before the election. One percent said they planned to increase hiring before the election.

For capital spending and business expansion, 80% said the election either will not be a factor (53%) or that they will continue spending at the current pace (27%). Another 10% said they will defer capital expenditures until after the election, while 8% said they will reduce it prior to the election. Two percent said they will increase capital spending before the election.

The election impact questions were included in the first quarter AICPA Economic Outlook Survey, general results of which were released earlier this month. The overall survey was conducted Feb. 9-24, 2016, and included 540 qualified responses from CPAs who hold leadership positions, such as CFOs or controller, in their companies. The overall margin of error is less than 3 percentage points. A copy of the full report can be found on aicpa.org.

RSM Launches Middle Market Economic Business Index

Chicago-based RSM US LLP (RSM) (FY15 net revenue of $1.64 billion) released the first RSM Middle Market Business Index (MMBI).

Developed in partnership with Moody’s Analytics, the MMBI is designed to accurately reflect business conditions in the U.S. middle market, while providing a statistically significant measure of the health and outlook for these businesses. Going forward, the MMBI will serve as a leading indicator for the middle market, a vital segment of the U.S. economy that represents more than 200,000 firms, 40 million jobs and one-third of private sector gross receipts.

“Until now, there has been no comprehensive index for the middle market, which is astounding, given the critical role it plays in producing the goods and services that fuel the U.S. economy,” says Joe Adams, MP and CEO for RSM. “Our investment in the RSM Middle Market Business Index reflects our steadfast commitment to the middle market and our belief that a deeper understanding of these businesses by policymakers and the broader business community will lead to positive outcomes for the entire economy.”

The inaugural edition of the index puts U.S. middle market business conditions at 116.6 in the first quarter of 2016, a 1.4% uptick from the fourth quarter of 2015.

The MMBI is a culmination of more than five quarters of primary research and analysis via RSM’s Middle Market Leadership Council, quarterly surveys of a panel of 700 middle market executives managed by Nielsen. The MMBI is based on a subset of 20 questions from these surveys that are aimed at measuring changes in key performance indicators such as revenues, profits, capital expenditures, hiring, employee compensation, prices received, prices paid and inventories, as well as questions on general economic sentiment and corporate financing. Since RSM began surveying the middle market to develop the MMBI in Q2 2015, the index has shown promise that it can become a leading indicator for hiring, revenues and productivity once more time series data is collected.

“We’re seeing a market segment that’s optimistic about the direction of the real economy and a more confident U.S. consumer,” says Joe Brusuelas chief economist for RSM. ” What’s more, MMBI data and other research indicate that the major U.S equity indices are no longer indicative of real economic activity in the U.S.”

RSM plans to publish updated MMBI data on a quarterly basis and use the data and insights from each report to help consult and advise middle market executives on a range of important business issues and growth initiatives. For more information on the MMBI, visit RSM’s website. A comprehensive report on other business issues about which RSM has queried the panel over the last five quarters is forthcoming in April.

The 2016 IPA Firm Benchmarking Survey is Open For Participation – ACT NOW

Gain a competitive advantage and grow your firm with industry insight from the independent benchmarking leader in the nation.

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Benchmarking_Website Ad

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Your firm must complete the IPA Survey and Analysis form in order to participate in any of the internal operational surveys.

DEADLINES FOR SUBMISSION… FIRMS WITH FISCAL YEAR-ENDS OF…

…June 2015 through December 2015: May 2, 2016

…January 2016 through February 2016: May 16, 2016

…March 2016 through April 2016: June 3, 2016

Please CONFIRM PARTICIPATION.

 WHAT YOU NEED TO DO:

  1. CONFIRM participation in the IPA survey(s).
  2. Determine the key contact person or persons in your firm who will complete the survey(s). If you are not responsible for the completion and/or submission, please forward an email to the appropriate person or persons.
  3. Access the survey form(s), enable editing and save the survey form(s) using the ‘save as’ command.
  4. Review the “Welcome” tab on the survey form. If you need the IPA survey definitions tab in PDF, please let us know at survey@plattgroupllc.com.
  5. If your firm participated in the 2015 survey and you would like to obtain a copy of your firm’s 2015 submission, please contact the IPA office at 317-733-1920 or at survey@plattgroupllc.com. NOTE: IPA will not release any and all data without approval from the MP, CFO or CEO. Thank you for your understanding with this request. Once approval is received, we will provide you with your firm’s password-protected, prior-year submission for your reference.
  6. Answer all questions accurately based on your firm’s fiscal year-end data. An MP, CFO or CEO must review all data prior to submission.
  7. Complete the ENTIRE survey to be considered for any accolades.
  8. Submit your completed survey no later than the date above for your fiscal year end.
  9. Submit your survey directly to IPA at survey@plattgroupllc.com. IPA will not accept scanned copies or PDF copies. Send the completed surveys in the original MS Excel document.
  10. If you wish to password-protect your survey submissions send your password in a separate email once you’ve submitted your final surveys to survey@plattgroupllc.com.

THE 2016 INTERNAL OPERATIONAL SURVEYS Firm Administration; Human Resources; Information Technology

  1. Your firm may participate in any or all of the Internal Operational (IO) surveys at no cost. If you plan to participate, please CONFIRM.
  2. Determine the contact person or persons in your firm who will complete the IO surveys. If you are not responsible for the completion and/or submission, please forward an email to the appropriate person or persons.
  3. Open the Operational survey folders, enable editing and save the survey forms using the ‘save as’ command.
  4. If you would prefer to have the surveys sent directly to you, contact our office at survey@plattgroupllc.com.

CONFIDENTIAL DATA – WHAT YOU CAN EXPECT FROM The Platt Group / INSIDE Public Accounting: All confidential firm data, including salaries, compensation, income, etc., will be held in strict confidence. Salaries, compensation and sensitive data, such as income, revenues by niche, etc., will NOT be shared or publicized. We take extreme pride in our ability to collect this data to assist the profession and are now celebrating 26 years surveying accounting firms across the globe.

Please contact IPA at survey@plattgroupllc.com with any concerns or questions. IPA conducts a thorough review of each survey submission for commonly missed areas and for any and all errors. IPA will contact the person / contact named on the submitted survey form for any and all clarifications / updates. Some data, such as firm name, MP(s) name, firm net revenue, and organic growth may appear in the IPA Newsletter (if accolades are given).

COMPLIMENTARY WEBINAR ON COMPLETING THE IPA SURVEY: If you’d like listen to a pre-recorded complimentary webinar hosted by INSIDE Public Accounting on the best practices for completing the SURVEY, click here.

BENEFITS OF PARTICIPATION

  1. The opportunity to be included in the largest annual management of an accounting practice (MAP) survey in the country. To be benchmarked with more than 500+ firms nationwide and potentially be ranked among this year’s top firms in the: IPA 100, IPA 200, IPA 300 and the coveted IPA Best of the Best Firms in the nation.
  2. If you participate in the surveys, you will receive a complimentary copy of the August 2016 issue of the award-winning INSIDE Pubic Accounting newsletter. This issue highlights the annual IPA 100 firm rankings, along with a detailed financial and operational analysis of the rankings.
  3. A electronic complimentary copy of the 2016 Executive Summary, of the IPA National Benchmarking Report. If you participate in any or all of the IO surveys, you will also receive a complimentary executive summary when published in late summer.
  4. You will receive preferred pricing on the 2016 IPA National Benchmarking Report, the IO Reports, and other benchmarking items.
  5. You will get preference for selection in articles written by IPA throughout the year, (an excellent opportunity to market your firm).

If you would like to participate please contact our office.

The 2016 IPA Accounting Firm National Benchmarking Surveys Are Open For Participation

FrontPageImageThe 2016 INSIDE Public Accounting (IPA) Annual Survey and Analysis of Firms is now open to all accounting firms in North America. The results of the annual survey is the IPA National Benchmarking Report, the IPA 100, 200 and 300 firms ranking, and the coveted IPA Best of the Best firms. If you would like to participate, please contact our office.

DEADLINES FOR SURVEY SUBMISSIONS – FIRMS WITH FISCAL YEAR-ENDS OF…

…June 2015 through December 2015: May 2, 2016

…January 2016 through February 2016: May 16, 2016

…March 2016 through April 2016: June 3, 2016

THE 2016 IPA SURVEY AND THE INTERNAL OPERATIONAL SURVEYS ARE AVAILABLE FOR COMPLETION.

Your firm must complete the IPA Survey and Analysis form in order to participate in any of the internal operational surveys. If you would like to participate, contact our office.

Gain a competitive advantage and grow your firm with industry insight from the independent benchmarking leader in the nation.

BENEFITS OF PARTICIPATION

  • The opportunity to be included in the largest annual management of an accounting practice (MAP) survey in the country. To be benchmarked with more than 500+ firms nationwide and potentially be ranked among this year’s top firms in the: IPA 100, IPA 200, IPA 300 and the coveted IPA Best of the Best Firms in the nation.
  • If you participate in the surveys, you will receive a complimentary copy of the August 2016 issue of the award-winning INSIDE Pubic Accounting newsletter. This issue highlights the annual IPA 100 firm rankings, along with a detailed financial and operational analysis of the rankings.
  • A electronic complimentary copy of the 2016 Executive Summary, of the IPA National Benchmarking Report. If you participate in any or all of the IO surveys, you will also receive a complimentary executive summary when published in late summer.
  • You will receive preferred pricing on the 2016 IPA National Benchmarking Report, the IO Reports, and other benchmarking items.
  • You will get preference for selection in articles written by IPA throughout the year, (an excellent opportunity to market your firm).
  • If you would like to participate, please contact our office.

Best of Best 2016

CONFIDENTIAL DATA – WHAT YOU CAN EXPECT FROM INSIDE PUBLIC ACCOUNTING 

  • All confidential firm data, including salaries, compensation, income, etc., will be held in strict confidence. Salaries, compensation and sensitive data, such as income, revenues by niche, etc., will NOT be shared or publicized. We take extreme pride in our ability to collect this data to assist the profession and are now celebrating 26 years surveying accounting firms across the globe.

Please contact IPA at survey@plattgroupllc.com with any concerns or questions. IPA conducts a thorough review of each survey submission for commonly missed areas and for any and all errors. IPA will contact the person / contact named on the submitted survey form for any and all clarifications / updates. Some data, such as firm name, MP(s) name, firm net revenue, and organic growth may appear in the IPA Newsletter (if accolades are given).

IPA ASSOCIATION PARTNERSHIPS: INSIDE Public Accounting is pleased to partner with the following associations to provide survey and benchmarking services for their member firms: The Alliott Group, CPAmerica International, DFK International, LEA Global, Moore Stephens North America and PrimeGlobal. Please contact The Platt Group / IPA with any questions at (317) 733-1920.

Join IPA For Complimentary Recorded Webinar on Best Practices for Completing the Annual IPA Survey & Analysis of Firms

View our recorded Online Webinar on Best Practices for Completing the IPA Annual Survey & Analysis of Firms.

Gain a competitive advantage and grow your firm with industry insight from the independent benchmarking leader. The IPA National Benchmarking Report is one of the most complete, independent, up-to-date sets of economic and management statistics available about the accounting profession.

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Take advantage of this online session to assist you in the completion of the IPA Survey and Analysis of Firms!

Download the IPA Survey Reference Guide.

The 2016 survey season is here. All invitations were sent. Contact INSIDE Public Accounting if you did not receive one.

Take advantage of this online session to assist you in the completion of the IPA Survey and Analysis of Firms.