The biennial Private Companies Practice Section (PCPS) CPA Firm Top Issues Survey asks firms to rank the challenges that are of greatest concern to them. To focus on the unique perspectives and experiences of different practices, the results are reported based on the number of professionals in a firm. There are separate lists of the top five issues, including:
2 to 5 professionals
6 to 10 professionals
11 to 20 professionals
Participants are asked to identify not only the top issues they currently face but also the concerns they believe will have an impact on their practices over the next five years.
This commentary reviews the survey results for each firm size in detail. It focuses on the top five issues in each size, but also includes key insights on top 10 results that may enhance the understanding of firms’ concerns.
PCPS and the AICPA provide a variety of solutions to help your firm tackle the issues identified in the Top Issues Survey. Review Resources to address CPA firm top issues and turn challenges into opportunities.