A large majority of CPA firms reported continuing strong growth during the past two years, according to a new survey by the American Institute of CPAs and the Texas Society of Certified Public Accountants, but the survey was taken before the financial crisis hit home in recent quarters.
Seventy-five percent of the 2,722 CPA firms surveyed reported growth ranging from 1 to 19 percent over the two years from May 2006 through June 2008, according to the 2008 National Management of Accounting Practice survey. Average net client fees per partner rose 10 percent to $664,847.
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