Resources for Sarbanes-Oxley (SOX)
CPA Industry Growth Boosted by SOX
accounting.smartpros.com The CPA industry enjoyed one of the best years ever in 2006, fueled by the continuing impact of Sarbanes-Oxley, according to the just released annual Rosenberg MAP Survey.
Firms with annual net fees over $2 million enjoyed annual net fee growth of 11.4 percent, up from 9.7 percent in 2005, and an increase in average income per partner to $350,000, up from $311,000 in 2005.
The SOX impact is both direct, in the form of actual SOX work (primarily for the national and mega-regional firms) and indirect, as work trickles down from the capacity-strapped larger firms, who are focusing on their public company practices, to smaller, local firms.
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