Oct
02
No secret that Sarbanes-Oxley has been a bonanza for accountants.
More confirmation of this comes from a just-released Rosenberg Associates MAP survey which shows it's been the best year since 2000.
There's a good summary on webcpa.com
The real impact of sarbanes oxley is shown in the stats for just who the biggest winners are. The bigger and richer the firm, the more money comes in.
Firms with more than $10 million in net fees grew 15.8 percent, those with net fees between $2 million and $10 million grew 8.3 percent and the ones with net fees below $2 million grew 4.4 percent (per partner income was up 6.7 percent, to $191,000).
Interesting. I will read more about it.