AICPA national MAP survey is underway

The AICPA Private Companies Practice Section, in partnership with the Texas Society of CPAs, is gathering data for its much-anticipated benchmarking survey, which enables firms to compare management policies and financial results against other firms.

The Management of an Accounting Practice Survey, known as the MAP Survey, has been revised since it was last used in 2008 with new questions that “reflect practice management issues facing practitioners today,” according to officials with the American Institute of Certified Public Accountants (AICPA). Firms that take part in the survey will receive a summary report at no cost. The summary compares firms’ responses to national averages. PCPS members and Texas firms will receive a report with more comprehensive results.
 
The survey, conducted every two years, takes approximately three hours to complete. Areas covered include billing rates, expenses, revenue, realization, service offerings, staffing, marketing, and benefits. The survey will close on August 13, with results available in September. The survey, sponsored by Aon Insurance Services, has been administered by IntelliSurvey since 2002.
 
The 2008 results revealed that 75 percent of the CPA firms surveyed reported growth ranging from 1 to 19 percent from May 2006 through June 2008. Average net client fees per partner rose 10 percent to $664,847. At that time, turnover had slowed down since 2006, but succession planning and professional training continued to be weak areas. In all, 2,722 CPA firms participated.
 
 
Related articles:

You may like these other stories...

FASB mulling a revamped income statementDavid M. Katz of CFO wrote on Tuesday that the Financial Accounting Standards Board (FASB) is in the early stages of researching whether to launch a project aimed at improving and...
Accountants who specialize in forensic and valuation services point to electronic data analysis, or big data, as the most pressing issue they’ll face in the coming months, according to results of a new survey released...
Renaissance avoided more than $6 billion tax, report saysThe Senate Permanent Subcommittee on Investigations said on Monday that a Renaissance Technologies LLC hedge fund’s investors probably avoided more than $6...

Upcoming CPE Webinars

Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.