News for Small Firm Practitioners

2014 MAP Survey: Firms experience growth, stockpile cash

by Jeff Drew | Jan 13, 2015   ()

U.S. accounting firms are storing up equity as they prepare for a number of financial challenges over the next few years.

That’s one of the findings of the 2014 Management of an Accounting Practice (MAP) Survey from the AICPA Private Companies Practice Section (PCPS) and the Texas Society of CPAs (TSCPA).

Nearly 1,750 firms participated in the 2014 MAP Survey, which is the largest benchmarking study of U.S. accounting firms. This article touches on the overarching theme from the 2014 MAP Survey, while the January JofA will provide a deeper look at the results and an analysis of what they mean for the profession.

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Source: Journal of Accountancy

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