Over the past few years there’s been exponential growth in the sharing economy, characterized by collaborative consumption where we share space, cars, skills, whatever.
This year has so far proven to be a difficult one for stock markets. Many indices are lower, some with double digit losses. The main culprit is economic uncertainty, triggered primarily by increasing concern over an economic slowdown in China, the
New research by futurist Dr. James Canton highlights the relentless pace of change and disruption in business and accounting, and the steps accounting firms need to take to ready themselves for a future shaped by constant innovation and disruption.
As pressures have long been increasing for companies across all industries to form or join alliances, accounting practices might learn something by looking outside the profession.
To address challenges such as competition and pricing—and benefit from related opportunities—practices must broaden their services, particularly in the area of advisory, that are key to the sustainable success of their clients.
Survey results and global evidence demonstrate that advisory and consulting services are important to future practice growth for SMPs—but what types of services are most in demand and what does it mean for the future of SMPs?
For many practitioners the busy season is over and it’s time to relax and reflect—reflect on what the future holds for our great profession and consider whether, and if so how, to grow the firm. This future might rest in building advisory and consulting services. This article looks at some steps a firm might take to go about this.
Technology poses a threat to the accountancy profession as automation could replace much of the work accountants do, according to experts—the profession must accelerate its move into tasks and activities less susceptible to automation such as advisory services.
Feedback from small- and medium-sized accounting practices and entities, SMPs and SMEs, is a crucial step in developing an agreed-upon procedures standard that suits, and allowing SMPs and SMEs to more fully realize the potential of these engagements.
How do the IFAC Global 2016 SMP Survey results for Europe compare to the global view—and what can professional accountancy organization learn?