The document discusses key indicators and trends in the accounting profession including a rise in partner compensation and billing rates, a lack of succession planning in many firms, the top niche services and client sectors, and growth in new business formations since World War II. It also notes that accountants are the most trusted outside advisers according to surveys, more so than family, attorneys, friends or clergy.

1. Key Indicators Report www.cpatrendlines.com www.baystreetgroup.com CPA Trendlines

2. CPA Trendlines (Total Employment – Accounting and Bookkeeping Services - 5412)

3. CPA Trendlines (Accounting degrees awarded – 1971-2007)

4. CPA Trendlines (Average hourly earnings – production workers – 1990-2007)

5. CPA Trendlines

9. CPA Trendlines

10. The Age of the Entrepreneur WW II 1970 TODAY Rate of New Business Formations