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Detail
ArtikelHandling The Small Public Audit Client  
Oleh: Wootton, Charles W. ; Wolk, Carel M.
Jenis: Article from Bulletin/Magazine
Dalam koleksi: Journal of Accountancy vol. 184 no. 5 (Nov. 1997), page 53-58.
Topik: public; small public; audit client
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: JJ85.2
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelIncreasingly, smaller businesses are discovering that smaller CPA firms can meet their auditing and other accounting needs. Small firms should not assume that certain clients are out of reach; in fact, when it comes to attracting small business clients, they may have a number of advantages over larger firms. This article, based on a survey we conducted, shows where the opportunities are, points out how smaller firms can capitalize on them and discusses what happens when a client company gets too big for its CPA firm. In this article, a small publicly traded corporation is one with sales of $ 250,000 to $ 1 million. (For comparison, a single McDonald's franchise can generate sales of over $ 1 million.) Exhibit 1, page 54, ranks the auditors of 425 small public corporations by the number of companies audited. Non - Big 6 firms audit 59 % of this market as compared with 2 % of the companies on the New York Stock Exchange. Approximately 200 firms audit this 59 %. That 425 companies are audited by more than 200 CPA firms shows how broad the small audit market is. Smaller clients turn to the local or regional accounting firm for audit and other accounting services.
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