Explain economic issues that bring concern to pricing services and products at your firm. What are some ethical challenges faced in hiring non CPAs at your firm?
Explain economic issues that bring concern to pricing services and products at your firm.
There are a few different issues at stake when dealing with the economic issues that bring concern to how CPA firms price their services and products. One of the main points to consider is that the firm must keep prices competitive due to the current market saturation by various accounting firms. If the prices are too high when taking the current state of the economy into consideration, it will drive business away. Many accounting firms offer discounted services to students and senior citizens, which are typically the two groups that have the least amount of disposable income. Many firms also price based on number of forms prepared, in conjunction with the time that it took to prepare the specific forms. Other factors come into play also - however, the overall price has to be set based on the present economic concerns in the marketplace. For example, if I have ...
The solution provides a detailed discussion regarding the pricing of services at CPA firms by non CPAs, and also discusses the ethical issues involved. References are provided.