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AICPA: Firm Revs Rise 9.1 Percent

Net revenue for accounting firms showed a 9.1-percent increase in the fiscal 2022 median growth rate over the prior year, according to a recently released survey by the AICPA and CIMA.The findings were included 2023 National Management of an Accounting Practice (MAP) Survey in which 1,117 firms participated.

That revenue rise outstripped the 4.2 percent from two years ago during the Covid-19 pandemic. The survey is conducted every two years.

According to the findings, median net client fees for 2022 were $1,088,840, compared to $993,953 the prior year.  The previous study found fees were $876,614 for fiscal 2020, up from $866,000.

Net client fees per partner for 2022 were $683,470, an increase of 22.8 percent from $566,654 for 2020. 

Net client fees per partner for 2022 were $683,470, an increase of 22.8 percent from $566,654 for 2020. Net profit per partner increase by 8.7 percent to $225,725 for the most recent study to $207,506 for the prior one.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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