as basic tax and accounting services become common and commoditized, firms need to start looking for new revenues and business models — starting with wealth management and business benchmarking.
here, a leading consultant to the profession, chris frederiksen, talks about his vision for the firm of the future.
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aaa 2010 accounting technology administrators survey the association for accounting administration (www.cpaadmin.org) has released the findings of their 2010 technology survey which focuses on six production areas including: security, productivity, infrastructure management, mobility and governance, according to roman h. kepczyk, … continued
can the profession seize its rightful role in risk management, governance and compliance? maybe, but it’ll take vision and guts. do you have what it takes in the post-meltdown world of the new normal?
by rick telberg
in the aftermath of the global financial meltdown and the surge of new corporate interest in enterprise-wide risk management, do internal auditors face risks of their own in getting left behind?
maybe so, according to some prominent thought leaders in the profession.
after surveying more than 2,000 executives across 50 regions of the globe, researchers at pricewaterhousecoopers report that internal auditors are being challenged “to remain relevant and meet stakeholder demands” in ways like never before.
what’s required today, according to brian brown, pwc principal and internal audit advisory services leader, is a whole new, and somewhat unnerving, concept of the internal auditor, a new vision brown and his colleagues call “internal audit 2.0.” more than simply checking accounts, internal auditors need to adopt a new way of thinking about their job that goes beyond audit as we’ve known it and embraces the fast-developing body of knowledge in governance, risk and compliance. or else, brown says, they run the risk of becoming marginalized and obsolete as new risk-management professionals take over.
what rita keller teaches us from southwest airlines’ legendary founder.
by rick telberg
it’s been a rollercoaster ride in the past few years, with firms at first drowning in work, followed by a crippling staff shortage, then a market crash and belt-tightening, then re-expansion with a broadly profitable busy season. so a few weeks of peace and quiet this summer could seem appealing to staff and management alike.
but management guru rita keller is here to tell you that you can’t afford much rest. “there’s work to do,” she says about cleaning up rusty and outmoded cpa firm management practices. keller has a message for firms to focus on marketing, mentoring and managing — the three ms.
10 tips from one of houston’s fastest-growing firms. by rick telberg while some other cpa firms have been immobilized by fear and uncertainty in this economy, houston, texas-based malonebailey has been charging ahead with a new managing partner, a new … continued
how to find new success by shifting your firm’s focus from service-centric silos to client-centric goal-setting. by rick telberg most accounting firms believe they provide pretty good client service. and most of them are probably right. but there are other firms … continued
(what recession?) the surprising thing about aomar’s cpa firm practice management survey 2010 is that there were so few surprises. the study turned up very few significant changes between 2009 and 2010. of course, it’s possible that the major metrics … continued
no fee growth across all sizes of firm by marc rosenberg, cpa the mantra in 2009 was “flat is up,” which meant that cpa firms would gladly settle for 2009 revenues that simply held firm at the 2008 level, given … continued
and four questions to seize the “high-leverage” opportunities. after spending the last six months with cpas all across the u.s., maryland cpa association ceo tom hood has a thought or two on where accountants can find new opportunities. in fact, … continued
you know the feeling: you finally discover the perfect solution to a particularly vexing problem. cpa scot justice (“the virtual cfo“) knows the feeling all too well. but he’s also found his answer. he reports: i have to say on … continued
can your clients tell if you are faking it? do you seek out opportunities to learn new things that will help your clients overcome their most difficult challenges? selling value-creation advisory services is truly a slam dunk with most modern … continued
bigger is better. speed is second best. in “upgrading the human component for increases in human performance,” professor robert ball, phd, says, “it is often assumed that the faster our computers operate, the more productive we will be. however, is … continued
if you could re-invent the accounting firm, how would it look?jason blumer has a few ideas for you. by rick telberg a new generation of entrepreneurial cpa is rewriting the rules for tax and accounting firms. they are embracing change … continued