The Accounting Profession Seems to be on the Cusp of Big Changes

The Accounting Profession Seems to be on the Cusp of Big Changes

The cover of the Journal of Accountancy this month is featuring the new AICPA board chairman Richard J. Caturano.

He is embracing change…and get this…he is recommending that firms consider switching to value billing.  This is HUGE!  If you haven’t read the article Embracing Change, I highly recommend it.  Here is a link: http://www.journalofaccountancy.com/Issues/2012/Nov/20125963.htm

This as well as many other things that are happening in the profession, are pointing to big changes ahead.  In our day to day business of brokering accounting practices, we are seeing other evidence that the forces of change that are coming are very powerful…off-shoring and technology are just a couple of examples.

The bottom line…firms need to focus less on routine tasks (compliance work) and more on figuring out powerful ways to add value for their clients.

Successful accountants will be those willing to think a little differently! Things could get quite interesting in the years ahead.

About the author

Brannon Poe, CPA

An author and experienced intermediary specializing in accounting practice sales, mergers and acquisitions, Brannon has efficiently and effectively facilitated hundreds of successful practice transitions.  He has a unique ability to help creatively integrate information to develop clear, focused plans. He enjoys helping clients implement these plans to achieve their most important goals.