2021 National MAP Survey Executive Summary
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2021 National MAP Survey Executive Summary

2 months ago · 4.4 MB Download

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Moderate growth…Solid margins…Firms holding their own with plenty of future potential. This describes the results of the 2021 National Management of an Accounting Practice (MAP) Survey from the AICPA Private Companies Practice Section (PCPS) and CPA.com. The profession’s largest benchmarking survey on practice management yielded 1,065 responses ranging in size from less than $200,000 in annual net client fees to those with $10 million or more. The survey measured firm performance for fiscal year 2020, the first year of the worldwide COVID-19 pandemic.

While the survey shows that overall, firms experienced an increase in net client fees, equity partner compensation and margins, there continues to be room for improvement. As inflation mounts, challenges finding and retaining talent continue, and opportunities to help clients are plentiful, firm leaders can learn from the best practice suggestions and comparative insights provided in this Executive Summary.

Once change priorities have been identified, leaders can tap into the deep well of guidance, tools, and resources available through the AICPA PCPS at aicpa.org/pcps.

Continued firm participation in the MAP Survey, which will be fielded again in the Spring of 2022, will help firm leaders drive change and transform their leadership and management strategies. And, as it has the past 20 years, the MAP Survey will continue to shape data collection, reporting and methods for measuring the performance of CPA firms well into the future.

Please review the results of the survey here.

Download the 2021 National MAP Survey Executive Summary

File name: map-survey-executive-summary-2022.pdf

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