People are leaving the profession. More money is one solution.
By CPA Trendlines Research
The AICPA’s 2023 National Management of an Accounting Practice (MAP) Survey came up with an odd statistic. Kind of hard to believe until you get the context.
The finding: the median employee turnover rate across all CPA firms is … 0 percent.
Yes, that’s a zero.
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But wait. A median, as they say, is only half the story.
The bigger story – the broader context – is that more than half the responding practices had zero turnover, so the median fell at zero percent. But that goose egg doesn’t reflect the reality of firms at the other side of the spectrum.
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