Episode description

In this episode of the Accounting Influencers Podcast, Rob Brown dives into the Key Facts and Trends in the Accountancy Profession 2024 report, revealing how accounting firms are being impacted by the rapid pace of technological change and disruption.

From the shrinking number of audit firms to the increasing role of AI and cloud accounting, Rob offers actionable insights for leaders, managers, and influencers looking to stay relevant and build influence. He also explores the growing importance of diversity and how firms can retain top talent in a highly competitive landscape. If you’re serious about staying ahead and building your personal brand inside and outside your firm, this episode is a must-listen.

Key Takeaways:

• Audit firms are shrinking, which intensifies competition for talent and clients.
• Embracing technology such as AI and cloud accounting is essential for staying competitive.
• Audit fee income is growing—firms that innovate are seeing results.
• The most successful firms invest in diverse talent to future-proof their businesses.
• Leaders need to position themselves as thought leaders to maintain influence.
• The growing percentage of female accounting students shows a shift in the profession’s demographics.
• Firms that fail to adapt risk losing their best talent and clients to more tech-savvy competitors.

Killer Quotes:

• "Audit firms are shrinking—what’s your next move?"
• "The future of accounting is here—are you ready?"
• "Leaders who fail to adapt will disappear."
• "The firms winning today are those that invest in diverse talent."
• "AI and cloud accounting aren’t buzzwords—they’re the future."
• "Audit fee income is up, but only for those firms who innovate."
• "Stay ahead, or get left behind in the disruption."

You can also view this on youtube:

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The Accounting Influencers Podcast (AIP) is aimed at accounting firm leaders, managers, and partners looking to build their executive presence, influence, and credibility both internally and externally. The show focuses on helping professionals strengthen their personal brand, stay informed about industry changes, and navigate disruptive forces affecting accounting business models and trends. The content includes solo insights from host Rob Brown as well as...