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 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.
