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Jun 17th, 2015
Driven by demographic, technological, social and economic shifts, accounting and tax professionals will find themselves moving beyond preparing financial reports and tax returns to embracing more consultative roles and navigating the global marketplace for their clients. The report examines four trends and their influence on the accounting profession.
Shifting Business Environment Creates New Opportunities:
Specialization and collaboration will lead to increased opportunities for accounting and tax professionals, who will work across global borders to meet their client needs, made possible by advances in technology.
Social Shifts Change the Face of Professionals and Clients:
Social shifts and a growing U.S.-based minority population will have broad implications for firms and their clients, influencing how, when and with whom they do business.
From Data to Decision Making, Technology Changes the Accounting Profession:
As technology expands and the automation of data collection rises, the focus of accounting will shift from computation to consulting as clients increasingly rely on their accounting professionals to analyze business information, support decisions and provide strategic advice.
High-Tech Enhances High-Touch Client Outreach, Relationships and Service:
Social media and ubiquitous mobile technologies will become even more pervasive, changing the way accounting and tax professionals conduct business and attract new clients. It will be imperative for practitioners to manage their Web and mobile presences to establish firm reputation and brand.
Jun 17th, 2015
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