!eldnotes
10 !"# "$%&'from the AICPA Roundtable 2014
Good news, everybody!The CPA is becoming a more prominent player in day-to-day business decisions.
TECHNOLOGY NOTES:TECHNOLOGY NOTES:
THE RISE OF BITCOIN (BTC)No fee or bank account
Instant transactionsBorderless & Universal
Literally impossible to conterfeitEntirely traceable
• Many young people are leaving the industry entirely.
• There isn’t enough mid-management talent to replace the retiring partners.
The battle for talent is expected to intensify.
“My role has evolved as CIOfrom technology focus to a
change management focus.” !"#$ %&"'&,
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The number one issue about technology adoption: change management.
New entrants are challenging the established players.They are fast, flexible and strategic.
which means AGILITY TRUMPS ABILITY
MERGERMANIA!!
Time to
!"2*# 3#)4.#% *+ !5":• Geographic expansion• New niche services/industries• Compete for PE• Ability to service multinational clients
There were 93 mergers in top 500 firms in 2013.An even higher number is expected in 2014.
1.
2.
9.
6.
5.
7.
10.
CPA value proposition is changing …
You CPAs out there:Are you ready?
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IN ORDER TO GET BUY IN, PEOPLE HAVE TO WEIGH IN.
Top firms are acknowledging:Company culture and good technology are more important than ever for recruiting and retention.
8.
All progress starts with the truth. You have to address the elephants in the room, or you don’t offer value.
3.
4.
7.).&.Generalist
Individual ContributorTactical
%.0.%.Specialized
Leadership-drivenStrategic
Good leadership has a clear vision & the ability to unify their teams
The desired CPA skill set is evolving:
WHICH ONEARE YOU?
The technical advisor and the business advisor are two very different roles.
Clients ask their&.(,-)("0 "34)%*#to answer technical
“point” question.
Clients ask their8'%)-.%% "34)%*#
to help them runa better business.
The biggest evolution since the Excel spreadsheet
Change in technology offerings:S""S
Software as a ServiceS9"S
Software with a service
BBBBCAUSING DISRUPTION IN THE INDUSTRY
DUKE IT OUTfor top talent
