Wednesday, February 13th, 2019

A Typical CPA Firm

“The idea that you will wake up tomorrow and everything that you know to be true about your practice is suddenly gone is a gross overstatement.” – Darren Root

While many profession leaders are warning CPAs that the typical public accounting firm is a dying breed and that its demise will happen rapidly, it is not what I observe in my consulting practice.

In the “typical” CPA firms I work with, there is definitely a need to become more digital and take advantage of the efficiencies that result. Most of these firms still do a lot of compliance work but also do a lot of true consulting work with their clients. I do expect them to make the transition into more of a consulting practice but I don’t expect it will happen rapidly.

That’s why I enjoyed reading Darren Root’s recent article via Accounting Today – The Traditional Is Still Very Much Alive.

Read it and see what you think. How will your firm make its way into the future?

  • "Because technology and client demands will continue to push firms to adapt, we know that transformation, at some level, is inevitable."
  • Darren Root

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