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News Articles

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Don't Miss Out - the PCPS/CPA.com 2018 National MAP Survey is Closing Today!

Published on July 31, 2018

Don't miss out on the PCPS / CPA.com 2018 National MAP Survey Closing on July 31st (that's today!)

CPAFMA is encouraging all members to complete this survey and thanks those members who have already participated. This survey will provide your firm with a unique personalized benchmarking opportunity. This year's redesigned and streamlined survey provides a comprehensive view into the state of public accounting firms today, including strategic financial benchmarking information.

Remember, there is no cost to participate and all contributors receive a FREE report focused on the most critical key performance indicators as determined by your peers.

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Loss Control & Risk Management Webinar Series

Published on July 27, 2018

At McGowanPRO Professional Liability Insurance Brokers, we want to be more than an insurance policy for clients and friends. As a partner with CPAFMA, we would like to invite members to join us in participating in a risk management webinar series. There are four different topics available by four different presenters over four months! One a month and 60 minutes each and provides NASBA approve CPE credit to the participant. Participating firms may also be eligible for premium credit on their professional liability insurance. The presenters are attorneys and experts in their field. Each webinar is intended to educate in such a way as to lower exposure by providing risk management tools to the CPA firm. Please see this flyer for details.

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Because You Are Busy

Published on July 02, 2018

"Precise and concise!" "Very insightful, useful and motivating." "Very easy to complete."

The AICPA PCPS/CPA.com National MAP Survey team listened to what CPAFMA members were saying about the survey and have delivered. The survey lets you benchmark your firm in key operational areas against top national and regional firms. It's also been simplified and takes less time than ever before to complete.

The CPA Firm Management Association is encouraging firms of all sizes to complete the survey before it closes on July 16.

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Former CPAFMA National Chair to Head DFK Canada

Published on June 26, 2018

The head of one of the best performing accounting firms in North America and former National Chair of the CPA Firm Management Association has been appointed President of DFK Canada. 

Nigel Jacobs, CEO of Taylor Leibow, is the new leader of the national group of DFK International, the top ten global accountancy association.

He officially took over from Andrew Logan, Senior Partner of Teed Saunders Doyle, at the annual conference of DFK Canada held in New Brunswick in June 2018.

Chad Knippel, Partner at Kingston Ross Pasnak, was made President elect and Beth Porter, Partner at Noseworthy Chapman, was welcomed as Vice President, becoming the newest member and first woman to serve on its executive committee.

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CPAFMA Announces 2018-2019 Leadership Team

Published on June 08, 2018

CPAFMA's 2018 Nominating Committee, chaired by Janine Zirrith, PAFM with Wilkin & Guttenplan, P.C. in East Brunswick, NJ, recently presented their slate of officers and directors to the organization's National Board for ratification. The slate was unanimously accepted.

The following members of CPAFMA have been nominated by the Nominating Committee to serve as officers for a one-year term or directors for a three-year term, beginning July 1, 2018. The Association thanks all of members submitting their name for nomination. The committee felt the decision was extremely difficult however it shows that CPAFMA has a membership with a dynamic and experienced leadership base.

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Comparing Cyber Insurance Policies

Published on June 08, 2018 by Rickard Jorgensen, Jorgensen & Company

Cyber coverage is a growing area of business for the insurance industry. Originally the market for this coverage was limited to a handful of Lloyd’s syndicates and specialty insurers, but now the number of insurers willing to provide this protection exceeds 40 carriers.

Because most cyber insurance policies do not use a standardized Insurance Services Office, Inc. (ISO) contract, each insurer’s policy is different. Additionally, coverage is often written in the specialty/excess & surplus lines marketplace that permits insurers to manuscript endorsements. This makes policy comparisons complex. The advantage is that cyber insurance policies do provide certain common coverage elements.

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What Happens in Vegas Doesn't Need to Stay in Vegas!

Published on June 08, 2018 by Larry Sheftel, PHR, SHRM-CP, PAFM, Aprio

Are you ready to get your mind blown away? AICPA Engage 2018 will be an amazing experience for everyone who attends with limitless possibilities. Not only will you be able to attend the many incredible sessions that CPAFMA has to offer, you will also be able to rub elbows with some of the brightest minds in the profession. You'll experience a robust, thoughtful agenda from start to finish. It's up to you to apply what you gain into technical improvements, strategy refinement and increased value to your clients. Make sure that what you learn in Vegas doesn’t stay in Vegas!

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Top 10 Accounting Firm IT Survey Surprises

Published on June 08, 2018 by CPA Practice Advisor

The following article was published by CPA Practice Advisory on the survey "surprises".

The CPA Firm Management Association (CPAFMA.org) conducted its 2018 IT Survey to identify information technology trends in the medium and larger firms representative of their membership. Many technology trends begin in medium and larger firms where their worth is proven and eventually flow through to smaller firms after adoption and best practices have been standardized.

The survey was completed by 174 firms, 88% of which were 10 members or more and 40% were multi-office. While many of the accounting information technology findings followed expected industry growth trends, a number of items surprisingly jumped to the forefront, pointing to specific areas for firms to evaluate this summer:

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How Do Your Firm's Financials Compare to the Profession's Leaders?

Published on June 08, 2018

Be in the know in less time  . . . 

The newly redesigned and streamlined 2018 AICPA PCPS/CPA.com National Management of an Accounting Practice (MAP) Survey is now open and ready for your participation.  The CPA Firm Management Association is encouraging all member firms to complete this survey.

Do you ever wonder how your firm compares to others its size in key performance indicators such as billing rates, firm profitability and realization? And how your practice stacks up in the talent area with employee utilization, turnover rates and compensation? You are not alone.

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Focus on What is Important

Published on June 08, 2018 by Joyce Arthur, PAFM, BDO Alliance USA

I had a great lesson from my nineteen year old son recently. While I was furiously working through my daily tasks and checking on my to-do’s for the day, I received a call from him. “Mom – what are doing?” I abruptly answered “I’m working of course!” I answered him as quickly as I could as I sometimes think my children do not realize I am ACTUALLY working even though I have the luxury of working from home. A few minutes later he showed up in my office and asked me if I would like to join him for breakfast. For those of you that have older teenage kids, I’m sure you’ll agree that having daily conversations and interactions with them come few and far between.

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