The PCPS CPA Firm Top Issues Survey gathers insights from practitioners in firms of all sizes to understand the significant issues facing firms across the country. The results offer a valuable perspective on the state of practice today and identify the developments and issues that may have an impact on practitioners in the near term. Practitioners can use the survey to confirm that they share common concerns, to learn about trends they may have missed and to identify emerging challenges that they should be prepared to address.
The survey responses are broken down by firm size, with separate lists released for sole practitioners and for firms with 2 to 5, 6 to 10, 11 to 20 or 21 or more professionals. The AICPA and its Private Companies Practice Section (PCPS) team use the biennial surveys to pinpoint areas where new tools and resources may be needed to help practitioners address current challenges.
Tackling familiar and emerging challenges
This commentary takes a detailed look at the top issues facing firms and reveals that many significant challenges for practitioners in 2019 are familiar ones. At the same time, however, the results underscore how important it is for firms to remain aware of emerging developments that could have an impact on their practices, especially those related to technology and cyberthreats.
Solutions for Top Challenges
PCPS and the AICPA provide a variety of resources that can help tackle the issues identified in the 2019 survey. Review the resources in the above matrix to assist your firm in turning challenges into opportunities!
PCPS is committed to helping firms with these and many other practice management issues. For more information, please contact Brad Barbour, or call 1-800-CPA-FIRM.