{"id":119238,"date":"2023-12-06t11:55:01","date_gmt":"2023-12-06t16:55:01","guid":{"rendered":"\/\/www.g005e.com\/?p=119238"},"modified":"2023-12-06t13:01:28","modified_gmt":"2023-12-06t18:01:28","slug":"tech-capital-will-drive-accounting-profession-growth","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/12\/06\/tech-capital-will-drive-accounting-profession-growth\/","title":{"rendered":"tech, capital will drive accounting profession growth"},"content":{"rendered":"
<\/strong><\/p>\n how much? faster than the rest of the economy.<\/strong><\/p>\n by terry putney<\/em> editor\u2019s note: every year, the rosenberg map survey asks the industry\u2019s top consultants to share their observations from cpa firms across the country. how do you think the next 12 months will unfold? also, how would you assess the last 12 months?<\/i><\/p>\n the private equity model is still unproven in the minds of many cpa firm partners as there are no examples of a secondary market for the investors of cpa firms. private equity investors in other professional disciplines like veterinary, dental and engineering have experienced success with attracting secondary and tertiary investors.<\/p>\n more:<\/b> new energy comes from new ways of doing business<\/a> | outsourcing, remote work will help firms grow capacity, revenue<\/a> | private equity leading to corporate-style cpa firms<\/a> | pe, consolidations to keep impacting accounting profession<\/a> | a 40-hour workweek is feasible<\/a> | five ways staff shortages are changing firms forever<\/a> | soft skills are front and center<\/a> until we see that happen in accounting, there will remain some skepticism about the viability of this business model. it is not my skepticism. but accounting firms that are considering private equity are expressing that as one of their concerns.
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