Accounting Influencers

Rob Brown interviews John Wichmann and John Fenton on the evolving landscape of hybrid work in the accounting industry. They explore the importance of intentionality, accountability, and the overall employee experience in creating a successful hybrid work environment. The discussion highlights the challenges firms face in adapting to new work models, the necessity of structured opportunities for collaboration, and the need for flexibility in workplace culture. They also touch on the lessons that can be learned from other industries and make predictions about the future of hybrid work in accounting.Key TakeawaysHybrid work doesn't have to be a broken model.Flexibility is crucial for attracting and retaining talent.The apprenticeship model is vital for professional growth.Communication challenges arise in hybrid work settings.Intentionality in hybrid work can enhance productivity.Employee engagement is key to a successful hybrid model.Diversity in the workplace benefits from hybrid work options.Economic factors

In today's show, Rob Brown interviews Steve Cox to explore the current state of the accounting profession, highlighting both the challenges and opportunities it faces. Key themes include the impact of technology, staffing shortages, and changing client expectations. The discussion emphasizes the need for accountants to adapt to these changes, particularly in terms of technology adoption and mindset shifts. The speakers provide insights into how firms can navigate these challenges and leverage technology for growth and efficiency.Key takeawaysThe accounting profession is at a crossroads with both opportunities and challenges.Client expectations have significantly increased post-COVID, demanding faster responses and more technology support.42% of accounting firms are turning away work due to staffing shortages.There is a growing demand for accountants as trusted business advisors.Technology is reshaping compliance and service delivery in accounting.A mindset shift is necessary for accountants to embrace technol

Is technology the saviour or the grim reaper of accounting? In this episode of the Accounting Influencers podcast, Rob Brown and Steve Cox delve into the transformative role of technology in the accounting profession. They discuss the historical evolution of accounting technology, the current state of AI, and its implications for the future. Steve shares insights from Gartner's technology trends report, highlighting the rapid adoption of AI and the importance of accountants evolving with these changes. The conversation emphasizes the need for accounting professionals to embrace technology to remain relevant and competitive in a rapidly changing landscape.Curious about how accountants can harness AI to boost efficiency?TakeawaysTechnology is a backup and driver of change for accounting firms.Excel was a major disruptor in accounting technology.Many firms are still reliant on outdated spreadsheet technology.Digital transformation is essential for accounting firms to thrive.AI is not replacing accountants,

In this episode of the Accounting Influencers podcast, Rob Brown discusses the alarming statistic that 65% of current accounting firm partners will be considered digitally obsolete within three years. He emphasizes the transformative impact of private equity on the accounting industry, highlighting the need for leaders to adapt to rapid changes in technology and client service models. The conversation explores the emergence of transformation leaders who bridge traditional accounting practices with digital innovation, the importance of reimagining technology and talent deployment, and the necessity of measuring success through new metrics. Brown outlines essential skills for future leaders and provides actionable steps for personal transformation to remain relevant in the evolving landscape of accounting.Key Takeaways• PE investors see 65% of current partners as digitally obsolete• PE-backed firms invest 5x more in technology per professional• Technology leadership is replacing technical excellence as a key sk

In this episode, Rob Brown discusses the transformative impact of private equity on the accounting profession, particularly in terms of talent acquisition and retention. He highlights how private equity-backed firms are reshaping the traditional accounting model by offering new roles, competitive compensation structures, and accelerated career paths. Brown emphasizes the need for accounting leaders to adapt their strategies to attract and retain top talent in a rapidly changing landscape.Big takeaways70% of top performers at traditional firms would leave for private equity-backed firms.Private equity is a major disruptor in the accounting profession.The traditional model of recruiting and promoting talent is becoming obsolete.Private equity firms are reporting 40% lower turnover rates than traditional firms.New roles and career paths are emerging in private equity-backed firms.Today's professionals seek opportunities to create impact and lead projects.Compensation structures are being redesigned to include eq

In this episode, Rob Brown discusses the significant changes in the accounting profession driven by private equity investments. He highlights the urgent need for accounting leaders to adapt to new leadership dynamics, emphasizing the importance of transformational skills, agility, and a growth mindset. The conversation outlines actionable steps for leaders to remain relevant and influential in a rapidly evolving landscape.TakeawaysHalf of accounting leaders may become irrelevant in 36 months.Private equity is reshaping leadership in accounting firms.Traditional paths to power in accounting are disappearing.PE-backed firms promote leaders much faster than traditional firms.Adaptive leaders are prioritized over seniority in PE firms.New leadership roles are emerging in accounting firms.Leaders must balance innovation with client trust.Decision-making is shifting from consensus to data-driven.The timeline for impact in accounting is shortening.Leaders need to strengthen their people management skills.Watch on Yo

Every December, Accounting Today magazine selects 100 influential leaders in accounting. In this episode of the Accounting Influencer podcast, Rob Brown discusses the significance of influence in the accounting profession, highlighting how many leaders have built their authority from humble beginnings. He outlines eight distinct paths to building influence, emphasizing that individuals can choose the path that aligns with their strengths. The conversation concludes with actionable steps for listeners to start building their influence intentionally, ensuring they remain relevant and strategically important in their careers.TakeawaysMany influential leaders started from humble beginnings without elite advantages.Building influence is about curating authority and career capital, not just being on lists.The traditional path of technical expertise is waning in favor of new methods of influence.There are eight distinct paths to building influence in accounting.Successful leaders often align their influence strategi

In this episode of The Accounting Influencers Podcast, host Rob Brown dives into the world of private equity and its growing impact on accounting firms. With firms like Baker Tilly and Grant Thornton selling stakes to private equity, Rob explores what this means for firm growth, independence, and leadership. Should accounting firms embrace private equity or avoid it at all costs? Listen in for a deep dive into the opportunities and risks that private equity brings to the accounting profession.Key TakeawaysPrivate equity is increasingly targeting accounting firms, offering capital and growth opportunities.Firms like Baker Tilly and Grant Thornton have already sold stakes to private equity.Private equity helps firms attract top talent, invest in technology, and compete in mergers.The downside: more debt, outside control, and potential conflicts of interest with clients.Private equity-backed firms may face challenges in maintaining long-term client trust.SEC concerns about auditor independence could reshape how

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 futu

Tech – A Force for Good or the Death of Accountants? In this episode of the Accounting Influencers Podcast, host Rob Brown delves into the critical topic of technology’s impact on the accounting profession. With automation, AI, and machine learning reshaping how accountants work, the big question is: Is tech a savior or a job killer?Rob breaks down what this technological revolution means for accountants today and in the future, exploring both the opportunities and the risks. For firms and professionals who embrace these tools, the future looks bright. But for those who resist? The outlook may not be so promising.Key Takeaways:AI & Automation’s Impact on the Profession: While some accounting tasks are being automated, the shift opens doors for higher-value, advisory roles that AI can’t replicate yet.The Value of Soft Skills: As automation takes over manual tasks, accountants who focus on client relationships and strategic thinking will thrive.The Need for Tech Adoption: Firms that invest in and adopt the

Conferences are back, but are you truly getting value from them? In this episode of the Accounting Influencers Podcast, host Rob Brown dives into 10 powerful strategies to ensure your time, money, and energy at accounting and tech conferences translate into real returns. Whether you're a leader, manager, or influencer in an accounting firm, these tips will help you build your personal brand, strengthen your network, and find actionable insights to bring back to your team.If you've ever left a conference wondering if it was worth it, this episode is for you. Rob shares practical advice on setting clear goals, networking with purpose, evaluating tech solutions, and ensuring your learnings translate into real business outcomes.What You’ll Learn in This Episode:Why accounting professionals often fail to get ROI from conferences—and how you can avoid common mistakes.The importance of setting clear objectives before attending any event.How to research speakers and attendees to target meaningful connections.Why bein

In this episode of the Accounting Influencers podcast, Rob Brown discusses the recent layoffs in the accounting profession, particularly among the big four firms and software providers. He explores the reasons behind these layoffs, the evolving skill requirements for accountants, and the new opportunities that arise from these changes. The conversation emphasizes the importance of continuous learning, adaptability, and thought leadership in navigating the current landscape. Additionally, Rob addresses the implications for the talent pipeline and offers insights for leaders on how to manage their teams during this period of disruption.Key TakeawaysLayoffs in accounting are reshaping the profession.AI and automation are driving job changes in accounting.Accountants must develop technology and data analysis skills.The demand for advisory services is increasing.Continuous learning is essential for career longevity.Thought leadership is crucial for career advancement.Layoffs create mentorship gaps in firms.New car

In this episode of the Accounting Influencers Podcast, Rob Brown emphasizes the critical role of personal branding for accounting professionals. He discusses how a strong personal brand can differentiate individuals in a competitive field, enhance visibility, and open doors to new opportunities. The conversation covers the importance of creating content, engaging with audiences, and maintaining authenticity and consistency in branding efforts. Ultimately, Rob encourages accountants to leverage their influence to drive positive change within the industry.Key TakeawaysIf you're relying solely on technical skills, you're falling behind.Building a standout personal brand can catapult you ahead.Influence is becoming as important as expertise in accounting.Your personal brand communicates your unique value and perspective.Trust is at an all-time low; influence is a precursor for trust.A strong personal brand accelerates career advancement.Consistency in content creation is key to maintaining influence.Engaging in c

In this episode of the Accounting Influencers podcast, Rob Brown discusses the significant shifts occurring in the accounting profession, particularly the decline of the traditional partnership model. He emphasizes the need for firms to adapt to a corporate business model led by a CEO, driven by the growing influence of private equity. The conversation highlights the importance of technology, strategic leadership, and innovative hiring practices in shaping the future of accounting firms. Rob provides actionable strategies for aspiring leaders to enhance their influence and authority within their firms, advocating for modernization and collaboration.Key TakeawaysThe partnership model is increasingly seen as outdated and ineffective.Firms must adapt to a corporate model to remain competitive.Private equity is playing a significant role in transforming accounting firms.Technology and automation are essential for future growth and efficiency.Leaders should focus on long-term firm success over individual gain.Unde

In this episode of the Accounting Influencer podcast, Rob Brown discusses the transformative power of public writing for accounting professionals. He emphasizes that writing in public can set individuals apart in their careers, enhance their reputation, and establish them as thought leaders in the industry. Rob addresses common fears associated with writing and encourages accountants to share their insights and experiences. He highlights the long-term benefits of consistent writing, not only for personal branding but also for the reputation of their firms. The episode concludes with practical tips for getting started with public writing.Key TakeawaysPublic writing can transform your career and reputation.Most accounting professionals fear writing in public.Writing publicly helps establish thought leadership.Everyday insights from your work are valuable to share.Consistency in writing leads to increased visibility.You can start writing even when no one is watching.Fear of judgment should not hold you back from

How well-equipped is the accounting profession to handle rapid technological advancements and a changing workforce? Are firms ready to embrace the future or stuck in outdated models?Rob Brown hosts an expert panel featuring Todd Robinson, Angie Grissom, Itamar Jobani, and James Hickey to discuss the future of the accounting profession. The conversation explores critical challenges facing accountants today, such as adapting to technological changes, AI integration, talent retention, and shifting towards a more advisory-based role. The panel shares their unique insights on how firms must navigate cultural shifts, embrace leadership, and rethink their traditional business models to stay competitive.The discussion also highlights the necessity of upskilling accountants and the role of technology in shaping the future. The panel dives deep into the transformative impact of AI, the benefits of a corporate rather than partnership model, and how firms can move from good to great by telling better stories and offering

Are accountants ready to tackle the future, or will technology leave them behind? What major shifts are disrupting the profession, and how can accountants stay relevant?Rob Brown leads a lively discussion with an international panel of accounting professionals: Dr. Anton Lewis, Kelly Mann, Sabby Gill, and Eriona Bajrakurtaj. Together, they discuss the pressing challenges and emerging opportunities facing the accounting profession today. The conversation goes through how technology, particularly AI, is reshaping the landscape and what firms must do to stay competitive. The panelists also discuss the generational divide in tech adoption, the shortage of accounting talent, and the evolving role of accountants from traditional number-crunchers to strategic business advisors.The debate highlights the need for accountants to embrace innovation, improve client communication, and network with peers for knowledge sharing. As the profession moves forward, the panelists emphasize the importance of staying agile, adaptin

Is private equity killing or saving public accounting? What does the future hold for the accounting profession in the age of PE and AI?Rob Brown sits down with Tim Brackney, CEO of a private equity-backed accounting and advisory platform, to discuss the impact of private equity on the accounting profession. With a background in professional services and a current role at the intersection of PE and accounting, Brackney offers a unique perspective on the challenges and opportunities facing the industry.The conversation delves into the current state of the accounting profession, highlighting the critical talent shortage and the evolving expectations of the younger workforce. Brackney shares his thoughts on how private equity is reshaping the traditional partnership model, driving efficiencies, and potentially offering solutions to long-standing issues in the industry. The discussion also touches on the interplay between private equity and artificial intelligence, and how these forces might shape the future of ac

Is the accounting profession ready for its biggest transformation yet? With AI, private equity, and a talent shortage, how can firms stay competitive?Rob Brown is joined by top accounting leaders—Anthony Pugliese, Mark Edmondson, Philip Whitman, and Randy Crabtree—to discuss the shifts happening within the accounting profession. From technological advancements like AI to the increasing focus on ESG reporting, the panel explores the challenges and opportunities that lie ahead for accounting firms.The discussion covers critical issues such as the talent shortage, the evolution of accounting into advisory roles, and the pressure on firms to embrace digital transformation. Despite the challenges, the panelists are optimistic about the future, highlighting how firms can adapt by upskilling, embracing technology, and changing traditional mindsets around compliance and billing models.Key Takeaways:✓ The profession is moving rapidly toward automation and AI, but accountants need to adopt these technologies to stay re

Are you ready for the AI revolution in accounting? Can the profession attract young talent in the face of tech-driven disruption?In this thought-provoking episode, host Rob Brown brings together industry veterans Bobby Lane, Randy Wootton, Rick Richardson, and Tony Szczepaniak to dissect the evolving landscape of the accounting profession. The panel dives deep into the integration of AI, the looming talent crisis, and the shifting demands of modern clients.Despite acknowledging significant challenges, including waning interest from younger generations and the disruptive force of emerging technologies, the experts offer a beacon of hope. They provide valuable insights on how accounting firms can adapt to this new reality, leveraging AI to deliver high-value advisory services and capitalizing on the increasing complexity of client needs. This episode serves as an essential guide for accounting professionals looking to navigate the turbulent waters of change and seize the opportunities that lie ahead.Key Takeawa