Episode description

Is the accounting profession facing an identity crisis? Can it adapt to meet the demands of a rapidly changing business landscape?

Rob Brown brings together a panel of industry experts to discuss the future of accounting. Jeff Phillips, Maureen Dillmore, Samantha Louis, and Sandra Wiley share their perspectives on the challenges and opportunities facing the profession.

The panelists share their thoughts with various topics, including the talent shortage, the impact of technology, the changing business model, and the need for a rebrand of the accounting profession. They discuss the importance of work-life balance, the role of private equity, and the need for firms to adapt to survive in a competitive landscape. The conversation also touches on the potential of AI, the importance of strategic technology adoption, and the need for better compensation models to attract and retain talent.

Key Takeaways:

✓ The accounting profession needs to rebrand itself to attract new talent

✓ Firms need to adapt their business models and embrace change to survive

✓ Technology integration and strategic adoption are crucial for future success

✓ Work-life balance and flexible work arrangements are becoming increasingly important

✓ Private equity is reshaping the accounting firm landscape 

Quotes:

"Remote work is a great thing for our profession." - Jeff Phillips

"We need to get over the idea that you can't have a work-life balance if you work for an accounting firm." - Samantha Louis

View this episode in video on YouTube here: https://youtu.be/ZHg0IIw-wyU

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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.

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ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com

ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk

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