Tuesday, May 12th, 2020

Changed Forever

“The art of life lies in a constant readjustment to our surroundings.” – Kakuzo Okakura, The Book of Tea

Consultants and profession leaders have been continually prodding and pushing many CPAs toward significant change. Mostly, it has been by asking practitioners to take baby steps toward change. I have been talking about baby steps for years because most accountants have a great fear of quick, even if it is meaningful, change.

COVID-19 did what consultants and profession leaders couldn’t accomplish in decades. That is, forcing CPAs to suck it up and make immediate adjustment to their operation behaviors.

There is no going back now. The changes most firms made rather quickly will endure.

Gary Shamis, former managing partner of SSG, a large, progressive firm that got gobbled up by BDO has an interesting article via Accounting Today titled, Our Profession Has Changed Forever.

Three things that have changed:

  • The virtual practice
  • The client experience
  • Office real estate

Three things that have stalled:

  • Advisory services
  • M&A
  • Diversity & inclusion

Be sure to read the article to learn what he says about each.

  • "Adaptability is about the powerful difference between adapting to cope and adapting to win."
  • Max McKeown

Leave a Reply