The Siegfried Group and AccountAbilities bear watching. They are two examples of what I expect to be a growing trend--entities entering into arrangements to provide staff to CPA firms on a retainer type of basis. The idea is that if a firm doesn't have enough internal staff for an engagement, the entity will provide the necessary seasoned staff and expertise.

The Siegfried Group for some time has provided needed staff to corporations, but as of late it is targeting accounting firms, and boasts a Big 4 firm as a client. Interestingly, The Siegfried Group until a few years ago was primarily operating as an accounting firm. Now it is known as a professional services partner, and generates most of its revenue from these staffing arrangements.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access