In order to better decipher the results of the annual Rosenberg Practice Management Survey and provide a wider picture of the state of the accounting profession today, The CPA Journal editors sought the opinions of several regular contributors, young professionals, and members of the NYSSCPA leadership. The editors asked these professionals what they have seen in their own practices during the past year and how their experience aligned with the survey results and noteworthy trends. The topics included staff turnover, the divide between partners and staff, the gender gap, revenue and leverage, practice growth areas, the value of the CPA license, the next generation, job satisfaction, and protecting the public. The voices that follow speak to how well the Rosenberg Survey depicts the breadth of accounting practice and hopefully represent the start of an ongoing dialogue on the issues that affect the entire profession.
The following professionals were members of this “virtual roundtable”: Magda Reyes, CPA, director of finance at Satin Fine Foods Inc.; Katelyn Kogan, CPA, senior manager of real estate services at Mazars USA LLP; Akshay Shrimanker, founder and CEO of Shay CPA PC; Harriet Greenberg, Fred Berk, Raelyn Davis, Amish Mehta, and Michael Greenwald of Friedman LLP; Tameka Walters, CPA, supervisor at Citrin Cooperman; Daria Bushueva, an audit associate at Mazars USA LLP; Ron Ries, CPA, CGMA, independent consultant and advisor; F. Michael Zovistoski, CPA, CFP, managing director of UHY Advisors NY; Orumé Hays, CPA, CGMA, managing director of Hays CPA LLC; Nicholas Guestella, CPA, sole practitioner; Michael P. Nyhan, CPA, partner and co-owner at Nyhan & Nyhan CPAs PC; Wade Holmes, a broker at Accounting Practice Sales; and Lee Frederiksen, PhD, managing partner at Hinge. Their comments, edited for space and clarity, are presented in the following pages.