We’re excited to announce that Krista Richardson was recently featured on the CPA.com website discussing her experience taking the CAS Benchmark Survey on behalf of Lucas Horsfall. The survey was an enlightening experience, and we’re happy to say that it reaffirmed Lucas Horsfall’s approach and validated our core client services principles. You can watch her interview video here on the CPA.com website.
The CAS Benchmark Survey collects data from CAS (Client Accounting Services) practices across the US to share quantitative metrics about practice structure and services offered, revenue, staffing, technology, and more. It also provides survey takers with invaluable insight into how their own CAS practice measures up against peer firms and the highest-performing practices in the country.
For Krista, the survey certainly lived up to its billing as a valuable internal diagnostic tool, and the feedback that we received was heartening.
“The CAS Benchmark Survey taught us that we are actually a better CAS practitioner than we ever thought we were. We ranked in the top 25% and it gave us a sense of confidence,” Krista says in her interview.
The survey also provided valuable clarity regarding exactly where to focus future efforts to take the firm’s performance to the highest levels.
“We also learned the areas where the highest performing firms are excelling, and how do we get to that? What does that number look like? What do we need to aim for? And that’s been instrumental in defining the next steps to take.”
Watch Krista Richardson’s full interview on the CPA.com website for more insights into what we learned and why Krista believes the CAS Benchmark Survey is so valuable to CPA firms of all kinds.
Frequently Asked Questions
What is the CAS Benchmark Survey?
The CAS Benchmark Survey is a comprehensive tool that collects data from Client Accounting Services (CAS) practices across the US. It provides valuable insights into practice structure, services offered, revenue, staffing, technology, and more. This data helps firms understand how they compare to their peers and identify areas for improvement.
Who should take the CAS Benchmark Survey?
The CAS Benchmark Survey is valuable for any CPA firm that offers CAS services. This includes firms of all sizes and specialties, as the survey provides a comparative analysis based on practice size and service offerings.
What are the benefits of taking the CAS Benchmark Survey?
Taking the survey provides a number of benefits, including:
* Benchmarking: Compare your firm’s performance to other CAS practices.
* Identify Strengths: Learn where your firm excels.
* Identify Areas for Improvement: Pinpoint opportunities for growth and efficiency.
* Gain Industry Insights: Understand current trends and best practices in CAS.
How long does it take to complete the survey?
The time required to complete the survey depends on the size and complexity of the firm. Expect to allocate several hours for data collection and analysis.
Is the survey confidential?
Yes, the data collected in the survey is confidential and is aggregated to ensure anonymity. Individual firm data is not shared publicly.
How can I learn more about the CAS Benchmark Survey?
Visit the CPA.com website for more information and to learn how to register for the survey. You can also contact the survey provider directly for assistance.
