Accountants Join IPO Process as Most Trusted Advisor

When it comes to an Initial Public Offering (IPO), the media may lead you to believe that the most important links to companies are venture capitalists and investment bankers. After all, they are the ones that gain the lion’s share of the headlines when it comes to these types of transactions.

But according to entrepreneurs surveyed at the fourth annual IPO Transformation CEO retreat accountants, not VCs or investment bankers, 26 percent believe their accountant is the “most important business advisor for a company as they decide whether or not to go public.” Behind accountants bankers earned 24 percent of the vote, venture capitalists 22 percent, and attorneys stood at 13 percent.

The survey was conducted by Ernst and Young LLP and surveyed more than 250 senior executives from 42 emerging companies in North America.

Upcoming CPE Webinars

Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.