Miami, FL (PressExposure) August 30, 2011 -- Nationally recognized public accounting firm Morrison, Brown, Argiz & Farra, LLC (MBAF) has been ranked as the 37th largest public accounting firm in the nation according to INSIDE Public Accounting's (IPA) 2011 Top 100 List.
For the past 21 years, the annual IPA Top 100 list has named the highest net revenue producing accounting firms in the United States. MBAF assumed the 37th spot on the 2011 list based on December 2010 net revenues of $68.1 million up from 42nd the year before.
"Our diligent staff has worked hard to keep pace and continue to be one of the top public accounting firms in the nation," said Tony Argiz, Chairman and CEO at MBAF. "MBAF's commitment to better serve our clients and drive to create new business opportunities led us to strategically expand earlier this year."
This January, MBAF combined with New York accounting and consulting firm ERE LLC, adding approximately $21 million in additional revenue and a Northeast presence. The recent combination was not used to calculate the revenue for the 2011 IPA Top 100 list. Today the firm, that opened in Miami in 1969 with a staff of 12, counts on more than 400 principals and employees in offices in Miami, New York, Baltimore, Boca Raton, Boulder, Fort Lauderdale, Orlando, Valhalla and India. MBAF continues to be largest Florida-based public accounting firm in the state.
According to the 2011 IPA report, top-line growth continued to be a challenge for the Top 100 firms; however, MBAF experienced a 4 percent increase from the prior fiscal year which elevated the firm's ranking into the top 40 from last year's 42nd spot in the top 50. Since 1987, IPA reports and analyzes the news, trends, strategies and politics that affect the nation's public accounting firms, providing them with the information and resources they need to compete and operate more profitably.
MBAF is consistently ranked as a leading public accounting firm by industry organizations and publications. For 15 years, it has been ranked by INSIDE Public Accounting as a "Best of the Best," the top 25 performing firms in the nation. For more information on MBAF, please visit http://www.mbafcpa.com.