With technology automating much of today’s tax compliance work, you can shift your firm’s engagement strategy for new clients based on the value your accounting advisory services firm brings to their business. Client engagements are rightfully centered around your client’s business goals and the guidance your firm can provide, in addition to traditional tax compliance. Shifting to an advisory business model provides your clients with the guidance and support they are looking for, while enabling you and your staff to use your knowledge and experience to your advantage.
Finance and Accounting
- EY’s FAAS teams support you in determining, monitoring and disclosing financial and nonfinancial insights for your stakeholders.
- Reboot reporting and the finance operating model to meet demands for transparency and insight into financial and nonfinancial performance.
- This movement seen among CPA firms — their branching out to providing accounting advisory services — collectively keep their clients’ firms in the black, and ultimately push the needle forward in accounting.
- As your CAS practice grows, review your progress and reassess your firm’s balance between compliance and advisory services regularly.
Join Practice Forward Graduate Advisory Partners as they host virtual office hours to provide a trusted advisor resource for you to get answers to your questions. Shifting to advisory is also a good choice for accountants thinking of leaving the profession. Strategizing with clients on a regular basis can bring the spark back to burned-out accountants. KPMG helped a U.S.-based Fortune 500 medical supplies distributor establish global finance operations in the midst of acquiring an $800 million, 50-country company. Providing targeted services related to the accounting and structuring of a wide variety of financing transactions, derivatives and hedging. We provide national and international-level expertise with a personal touch.
KPMG Taps Audit Managing Partner to Serve as Next US CEO (
As we explore this journey, discover how transitioning to an advisory model can reshape your practice and unlock new opportunities for growth and success. Before making strategic adjustments, analyze your current division between compliance and advisory services. Calculating certain data points will help guide your efforts and provide a valuable baseline to refer back to as you implement changes. And not only is accounting advisory work more profitable, but it also enables more meaningful relationships with clients and a deeper sense of purpose in the services your firm provides. But what does accounting advisory mean and how can your firm take advantage of this unique opportunity to showcase your knowledge and build deeper relationships with your clients? KPMG emerged in 1987 from the consolidation of Klynveld Main Goerdeler (KMG) and Peat Marwick International.
Proactive compliance and fraud prevention
- How we can help Our global teams have deep knowledge of the emerging accounting rules and regulatory climate across the world and we have extensive experience across different industries.
- Maximizing probability in the complex and highly competitive world of deal-making takes experience, knowledge, and skill.
- Marcum LLP is a national accounting and advisory services firm dedicated to helping entrepreneurial, middle-market companies and high net worth individuals achieve their goals.
- The impact extends beyond avoiding penalties — it strengthens operational integrity and builds stakeholder trust through proactive risk management.
- The Better Finance podcast explores the changing dynamics of the business world and what it means for finance leaders of today and tomorrow.
KPMG teams help you anticipate and balance risk to generate value and a competitive advantage across your enterprise. With its unique role as information integrator for the enterprise, the Finance function is positioned to become the ultimate business enabler. We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight. KPMG has market-leading alliances with many of the world’s leading software and services vendors. Finance executives should help lead implementation plans and identify challenges and opportunities under the GloBE rules.
- Our professionals have been working with government contractors for over 40 years.
- Combining deep industry and functional knowledge with vision and passion, we work closely with you to implement opportunities for your business to grow, innovate and create lasting change.
- The answer lies in adopting a proven methodology, guidance, and content solutions that can help your firm develop and implement an advisory services approach to engaging clients.
- Get started with Paro today to connect with an expert who can help you achieve your goals.
IBOR transition—Practical experiences and lessons learned
Standardizing your advisory services can provide similar benefits for your CAS practice, making it much easier to grow the advisory side of your business. However, that can be trickier due to the inherently personalized nature of advisory services. Only by finding the right balance between the two can you maximize profitability, maintain financial stability, and position your firm as a trusted partner that meets your clients’ immediate and long-term strategic needs. Compliance and advisory services are inextricably connected, with compliance forming an ledger account essential foundation for a successful and scalable CAS practice.
For password and cybersecurity solutions, platforms like Practice Protect are the perfect tools to ensure industry-grade protection for your firm and Insurance Accounting your clients’ most sensitive data. Practice Protect is what most accounting advisory services recommend for most firms, as it’s used and trusted by more than 25,000 accounting professionals. EY’s FAAS teams support you in determining, monitoring and disclosing financial and nonfinancial insights for your stakeholders. We also help to support finance functions with robust financial data analytics and innovation through our tools.