The Shortfall of Technical Expertise in Accounting
Episode 67. In today's news episode, we discuss "The Shortfall of Technical Expertise in Accounting." In these segments, we pick out key trends and events in accounting and fintech media and analyse/interpret them for accountants in practice. Key takeaways from this episode include:
✓ the difference between an accounting industry and an accounting profession
✓ what accounting practitioners aged 41 and under feel are the biggest challenges of new technologies
✓ the difference in thinking between 'switched-on' accounting firm partners and the rest
✓ which technologies will be the most disruptive for the accountancy sector in the next few years
✓ why artificial intelligence or AI will be a game changer in accounting
✓ where the knowledge and skills gaps are with accountants when it comes to technology
✓ what stops many accountants and CPAs from becoming trusted advisors
✓ how the call for advisory in accountancy has been present for 30 years, and accelerated by covid
✓ the two different futures for accounting practices who can react in different ways to the impact of technology
✓ the trend of tech companies luring qualified accountants away from private practice
NOTE TO LISTENERS:
The Accounting Influencers Podcast is a CPE-accredited daily radio-style show with four segments coming out every Monday which are repeated on the other 4 weekdays as standalone episodes, plus a bonus 'from the client's perspective' episode on Saturdays. On Sundays, listeners get a short min trailer for the coming week's episodes.
Every Tuesday the show gives you a relevant news topic from the accounting and fintech world with a direct application to accountants, CPAs and bookkeepers. Great to stay informed and build your commercial acumen.
Every Wednesday and Friday, we feature an uncut interview with top authors, leaders, thinkers and performers in the accounting and fintech world.
Every Thursday the show gives you a practical 'here's what works' tips concerning a key challenge, need or strategy for accountants, CPAs and bookkeepers. Great to stay current and keep your skills topped up.
Finally, every Saturday gives listeners a bonus episode which focuses on the buyers of accounting services - the clients themselves. In particular how they feel, react to and experience their interactions with accountants. That includes why they buy or don't buy, why they move or stay and why they think how they think about you, your firm, your prices and your offerings.
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