{"id":126886,"date":"2024-07-15t11:57:14","date_gmt":"2024-07-15t15:57:14","guid":{"rendered":"\/\/www.g005e.com\/?p=126886"},"modified":"2024-08-29t23:52:50","modified_gmt":"2024-08-30t03:52:50","slug":"how-business-expert-cpas-get-their-own-business-wrong","status":"publish","type":"post","link":"\/\/www.g005e.com\/2024\/07\/15\/how-business-expert-cpas-get-their-own-business-wrong\/","title":{"rendered":"how \u2018business expert cpas\u2019 get their own business wrong"},"content":{"rendered":"

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only a small percentage of audit leaders understand businessmindedness\u2019s inward and outward components.<\/strong><\/p>\n

by alan anderson, cpa
\ntransforming audit for the future<\/a><\/em><\/p>\n

i talk to leaders of firms all around the country who think that if they get their fee realization right, that\u2019s a sign that they\u2019ve got great business minds. they ask me what the market fee realization is, so i tell them that\u2019s a miserable measure.<\/p>\n

more: <\/b>say adios to audit fee pressure<\/a> | eight items to cover in the audit exit to deepen client relationships and prove value<\/a> | know your three audit w’s<\/a> |\u00a0planning lays the foundation of audit relevance<\/a> | how do we drive relevance in audit?<\/a> | before the audit: more than just planning<\/a> | are you correctly identifying the relevance intersection?<\/a> | lack of relevance drives audit commoditization<\/a> | five crucial attributes for successful audit leadership<\/a> | traditional audits don\u2019t deserve premium billing<\/a> | four basic understandings every auditor must master<\/a>
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there is no perfect fee realization. as extreme examples, i\u2019ve worked with firms with 10 percent and 200 percent fee realizations. which is better? neither. the firm with a 10 percent fee realization bills at $5,000 per hour, while the other bills at $20 an hour.<\/p>\n

read more →<\/a><\/p>\n