For those of you at cpa firms owned by PE, what has it been like so far? It seems like all anyone talks about and inevitable for the rest of us out here. Has technology improved? Did pay go up? Are bonuses better? Are there more strict rules from management? Does the PE firm management actually understand the cpa business? Has firm culture improved? Did the old partners leave? Did the new partners stick around? Is there more opportunity for advancement? Did you even notice?

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PE firms don’t care about people they care about profit. Even if caring about people would mean for a better long term profit.

Partners also care about profit but because they are there for day to day they also sometimes care about people.

The overall scenario will be bad for people

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D2 you are so incredibly wrong it is astounding - again look at every other industry PE has entered in to

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Day 31 at BT and I already see we are heading to high pressure fearful environment where if you don’t meet new expectations and requirements, you’re heads on the block. Not sticking around past August bonus payment

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Everything posted on the BT bowl is unfounded hysteria, a glorified Yelp board

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It has been less than one year, so many of these questions are still unknown. You can’t feel the positive or negative in such a short term.

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We have cut cost by doing more outsourcing, but that was gonna happen whether we became PE or not. BDO is way behind on outsourcing than the Big Four, they been doing in that for years and they aren’t backed by PE firms. I have worked less than prior years, so have the folks I have talked to. I’m sure some folks worked more, but I doubt on average people worked more. It’s not like we raised the minimum work hours above 55.

lol PE in public accounting shouldn’t even be allowed legally imo. Not sure why anyone would want to be a partner in those situations or be the pe firm taking the risk.

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RSM is likely not to go PE under the current leadership but who knows down the road. Like many other said before it will be a heavy cost cutting process initiated by those who don’t understand the business with the goal of getting a multiple to resell the business. Only people who benefit are those close to retirement who will get buyouts to leave early. PE not interested in long term sustainability of the practice or growing staff etc.. and philosophy is get in and out fast with an optimal return and they take no prisoners

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