Figuring Out: Private Equity’s Impact on CPA Firms | Podcast #EP29 1 Credit
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Welcome to another insightful episode of MYCPE ONE, where we dive deep into the evolving world of accounting and finance. In this episode, host Shawn Parikh sits down with seasoned industry expert Phil Whitman, CEO of Whitman Transition Advisors, to uncover the seismic shifts taking place in the CPA industry. With private equity investments reshaping firm valuations, partners contemplating their exit strategies, and the increasing demand for capital infusion, accounting firms are navigating uncharted waters. Are these changes unlocking new opportunities or posing unforeseen risks? What does it mean for the culture, profitability, and future of CPA firms? We tackle these pressing questions head-on, bringing clarity to the rapidly transforming landscape.
Phil Whitman brings a wealth of experience, having spent decades advising CPA firms on mergers, acquisitions, and transition strategies. His journey from managing law and CPA firms to spearheading one of the largest advisory organizations in the U.S. provides a unique perspective on the ongoing private equity boom. In this discussion, he breaks down the impact of enterprise valuation shifts, the role of EBITDA multiples, and how firms can position themselves for sustainable growth—whether through strategic partnerships or independent scaling. With real-world case studies and expert insights, Phil sheds light on the most pressing issues shaping the accounting industry's future.
Key Topics:
This episode is packed with essential knowledge for CPA firm leaders, partners, and professionals looking to stay ahead in an industry undergoing rapid transformation. Tune in for expert guidance on navigating the complexities of mergers, acquisitions, and strategic growth in today’s accounting landscape.
| License details | Credits | Status |
|---|---|---|
| Finance for Certified Public Accountants (CPA-US) | 1 CPE | Approved |
| Finance for CPA in Canada | 1 CPD | Eligible |
| Finance for Delaware Licensed Public Accountant (DE-LPA) | 1 CPE | Eligible |
| Association of Chartered Certified Accountants (ACCA) | 1 CPD | Eligible |
| Chartered Accountant - ICAEW | 1 CPD | Eligible |
| Finance for Iowa Licensed Public Accountant (IA-LPA) | 1 CPE | Eligible |
| Finance for Maine Licensed Public Accountant (ME-LPA) | 1 CPE | Eligible |
| Chartered Accountants - Ireland (CAI) | 1 CPD | Eligible |
| Chartered Accountants - Scotland | 1 CPD | Eligible |
| CPA - Ireland | 1 CPD | Eligible |
Credit
1
Course Level
Basic
Instructional Method
QAS Self Study
Group Internet Based
Pre-requisites
None
Advance Preparation
None
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Shawn Parikh is the CEO and Co-Founder of MYCPE ONE. A Chartered Accountant by qualification, he has over 15 years of experience of being a problem solver for small to mid-size firms and over time he has given consultation to thousands of CPAs, accountants and tax pros. Shawn has always been a big believer and advocate of social enterprises and small accounting firms & businesses. He consults and speaks on several topics ranging from Building Remote Team - Remote Working, Offshore Staffing, strategic planning, Scalability of Accounting Practice, cloud accounting, practice management, LinkedIn marketing, etc.
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