{"id":442,"date":"2006-07-30t18:09:00","date_gmt":"2006-07-30t23:09:00","guid":{"rendered":""},"modified":"2024-10-01t09:17:24","modified_gmt":"2024-10-01t13:17:24","slug":"finance-managers-rule-the-roost","status":"publish","type":"post","link":"\/\/www.g005e.com\/2006\/07\/30\/finance-managers-rule-the-roost\/","title":{"rendered":"finance managers rule the roost"},"content":{"rendered":"

they may be the real decision-makers in hiring, firing cpa firms.
\nare you the gatekeeper?<\/a><\/i><\/p>\n

by rick telberg<\/b>
\nat large <\/i><\/p>\n

when companies go looking for a new audit or accounting firm, who decides which to pick? if you ask a corporate cpa, you’ll get one answer. if you ask a cpa, you’ll probably get another. want to wager on who’s right? we know where we’d put our money. <\/p>\n

\n
<\/div>\n
click to browse more from the aicpa insider<\/div>\n<\/div>\n


\ncpas are apparently under the impression that company owners are the dudes of decision. in our study, “what clients really want,” that’s what 80 percent of responding public accountants said.<\/p>\n

only seven percent thought the cpa in business or industry \u00e2\u20ac\u201d a cfo, controller or internal auditor \u00e2\u20ac\u201d makes the decision. just five percent said it’s the ceo, and only two percent thought the board of directors decides. these results remain preliminary while we continue to gather responses. you can add your input to the study by taking the survey. you’ll get the results free as our “thank you” as soon as they are compiled.<\/a><\/p>\n

but when we asked corporate accountants who makes the decision, we got a whole ‘nother point of view. <\/p>\n

cfos seem to think that they, the cfos themselves, make the decision. at least 56 percent of them think so. only 26 percent said it’s the owner. an equal percent attributed decisions to the board of directors. <\/p>\n

see the problem? an awful lot of perfectly professional cpas are pitching to and trying to please the owners of companies, when apparently it’s the company’s number-crunchers who decide the fate of firms. <\/p>\n

consider, you cpas, how this affects your business. do your marketing efforts target the right person? do they carry the information that person is looking for? does your communication with the client reach the ears and eyes of the right person? whom are you taking to lunch next week? <\/p>\n

granted, there’s a one-in-four chance that cpas should be focusing their attention on the owners of companies, and certainly that’s almost always true in small companies. and though the cfo or controller is your key contact in half of companies, that’s only one out of two. <\/p>\n

the point is, the decision-maker isn’t always who you think it is. <\/p>\n

and here’s something else cpas might not be reading correctly: their own popularity with the client. forty-three percent think “nearly every client” would recommend them to their close friends. another 38 percent think “most of them” would make the same recommendation.<\/p>\n

clients, however, seemed to have a markedly lower opinion of their auditors. only half would recommend their cpa to a friend. <\/p>\n

those two findings \u00e2\u20ac\u201d that cpas often don’t know who makes the decision to hire or fire them, and that they are a lot less loved than they think they are \u00e2\u20ac\u201d should be enough to put any sane auditor in a sweat. <\/p>\n

when we asked why clients switch firms, 79 percent said poor service. price would negatively inspire 66 percent. too little time with the firm’s top people would terminally annoy 38 percent, while bad chemistry could taint relations at 34 percent. <\/p>\n

differences over technical issues came up a lot. so did “auditor not proactive enough” and “friendship at another firm”. some companies would change firms if they needed new or difference services. <\/p>\n

a few offered answers we hadn’t thought of. <\/p>\n

bryan overcash, a top executive at global contact services in salisbury, n.c., told us “lack of continuity on audit team” could send him looking for a new audit firm.<\/p>\n

farid m. gamaleldin, a financial officer at inde in giza, egypt, had a good reason for looking around: “we’re looking for an international firm.”<\/p>\n

stephen sage, a senior financial executive of kickstart international, in san francisco, summed up several good ways to keep clients on board. “listen and respond,” he said. “treat the client as important even though fees may be low. once fee is set, quit whining to the client about lack of profitability.” <\/p>\n

but the best advice we can think of is this: know your client, not just your contact, but the whole company. know who makes the decision. know how the decision gets made. then help them make that decision. the right decision.<\/p>\n

[first published by the aicpa]<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

they may be the real decision-makers in hiring, firing cpa firms. are you the gatekeeper? by rick telberg at large when companies go looking for a new audit or accounting firm, who decides which to pick? if you ask a … continued<\/a><\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[7],"tags":[],"class_list":["post-442","post","type-post","status-publish","format-standard","hentry","category-bsg-finance-professional"],"acf":[],"yoast_head":"\nfinance managers rule the roost - 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