rosenberg map survey<\/i><\/a><\/i><\/p>\n anyone knowledgeable about the state of the cpa firm industry would agree that technology is playing center stage<\/p>\n
the potential of blockchain, artificial intelligence and data analytics is set to transform cpa firm technology in the same way that previous blockbuster inventions \u2013 pcs, laptops, the internet and software \u2013 did that almost instantly made obsolete the manual work cpas painstakingly performed for decades.<\/p>\n
every year, the authors of the rosenberg map survey ask the industry\u2019s top consultants to share their observations of what they are seeing at cpa firms. specifically, they are asked the following questions:<\/em><\/p>\n\nwhat kind of year was 2016? what were the major trends you observed? what were the issues you saw firms struggling with the most?<\/em><\/li>\n2017 is half over. based on your experiences this year, what are you seeing? what are the major trends? what are firms struggling with and what are they working on as the year progresses?<\/em><\/li>\n<\/ul>\nwith the advent of this technology, the profession is poised to finally ease the omnipresent stress of two huge factors previously thought external \u2013 code word for something a cpa firm cannot control.<\/p>\n
first is the woefully inadequate supply of qualified labor. can anyone remember the last time this was not<\/strong> a worry? technology advances will soon dramatically reduce \u2013 probably by well over 50 percent \u2013 the demand for traditional cpa firm auditing and tax compliance labor (though this demand will most certainly be replaced by a different kind of labor).<\/p>\nthe second external force that should be greatly eased may very well be busy season compression. because technology advances will greatly speed up firms\u2019 access to their clients\u2019 data and<\/strong> automate the auditing and tax compliance processes, there will be a greatly reduced workload crunch during the first four months of the year.<\/p>\ncpa firms are enjoying a great deal of success these days:<\/p>\n
\ngrowth is robust.<\/li>\n profits are strong.<\/li>\n succession planning is well under way, either voluntarily (successful leadership development) or involuntarily (via firms merging out of existence).<\/li>\n<\/ul>\nthere is an avalanche of new mps at firms.<\/p><\/blockquote>\n
they are more sophisticated and management-oriented than their predecessors. thankfully, they are bucking the ages-old counterproductive trend practiced for decades by firms \u2013 appointing the best rainmaker as the mp. often, this meant that management took a back seat to the mp\u2019s client activities and that the mp\u2019s effectiveness would be held back by his\/her innate weakness at management and organization.<\/p>\n
new mps are increasingly typified by:<\/p>\n
\ngreater focus on leadership<\/li>\n being less inclined to allow devotion to client work to distract from the time necessary to effectively manage the firm<\/li>\n partner accountability being focused on greater than ever before \u2013\u00a0 fewer free rides<\/li>\n more of a strategic planning approach to managing the firm<\/li>\n<\/ul>\nin recent years, one of the drags in writing \u201cstate of the industry\u201d treatises has been that, at a big-picture level, relatively little changed from year to year. every summary of the state of the profession for the past 10 years has started with the so-called \u201cmerger frenzy\u201d \u2026 but this year, it has been clear that, despite firms\u2019 continued appetite for merging in smaller firms, more and more firms \u2013 especially the top 200 firms \u2013 are being more selective in choosing firms to merge in.<\/p>\n
there are a lot of truly puzzling things about cpa firm partner retirement\/buyout plans, too numerous to list here. (can you say \u201cponzi scheme\u201d?)<\/p>\n
one of them, which has caused many younger partners to lose sleep at night, has been paying out millions of dollars of buyouts to partners who didn\u2019t deserve the money and\/or weren\u2019t required<\/strong> (different than \u201csuggested,\u201d the milquetoast term seen all too often in most partner agreements) to proactively transition the client relationships to other firm members.<\/p>\nthat\u2019s changing. more and more firms are adopting the slogan: \u201cno transition … no goodwill.\u201d these younger partners are asking themselves why they are making these humongous payments. the only acceptable answer is \u201cto get the retirees\u2019 clients.\u201d so they ask \u201cif we don\u2019t retain the clients, why are we paying the buyouts?\u201d they are seeing that the only way to optimize retention of retirees\u2019 clients is by requiring, not suggesting, that retiring partners proactively transition their clients to other firm members.<\/p>\n","protected":false},"excerpt":{"rendered":"
also: retirees who want their buyouts had better transition their clients.<\/strong> \nby marc rosenberg<\/em> \nthe rosenberg map survey: annual national study of cpa firm statistics<\/a><\/em><\/p>\n","protected":false},"author":1339,"featured_media":52068,"comment_status":"open","ping_status":"closed","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":[1363,5,3120],"tags":[3445,3447,2102,62,57],"class_list":["post-52883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-outlook","category-pro-member-exclusive","tag-ai","tag-artificial-intelligence","tag-buyout","tag-retirement","tag-succession"],"acf":[],"yoast_head":"\ntechnology playing center stage in cpa profession - 卡塔尔世界杯常规比赛时间<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n