For some time now we have been tracking the role of compliance for accountants in public practice. In line with the digital transformation of our industry, compliance is also transforming. In the past compliance described the regulatory processes for recording and reporting on a company’s financial position. Today compliance has morphed into compliance advisory – a set of services designed to ensure SMEs stay ahead of the game with plans in place to build growth opportunities, create wealth and have a firm succession plan in place. It’s what SMEs want and certainly what they want to pay for.
This new world of compliance advisory is well underway by many firms making the most out of the efficiencies the cloud can deliver. The great news for every firm is that the cloud is the most democratic technology platform to support this transformation. Cloud is changing the barrier of entry.
And even better news is that the information every accounting firm needs to build those compliance advisory services is at your fingertips. Value-added business consulting – compliance advisory – is a by-product of automating the data and systems in place. For our early adopter intelligent accounting leaders, a client’s tax return lets them analyse the business, build a range of possible outcomes and provide advice to help SMEs make key business decisions.
Attend our roadshow – learn more about our agenda here – and don’t miss:
Macquarie Bank 2015/16 AFS Benchmarking: key insights and the conversation about driving financial performance in your practice. Experts from Macquarie’s Accounting & Financial Services Division will update us on the latest key metrics and strategic recommendations.
Intelligent accounting in operation: A revealing look into how a practice has incorporated ‘intelligent accounting’ with cloud-based automation to build a new look advisory service business. Tyler Wise, Director of Wise Accounting will share his experience in implementing an accounting-focused business intelligence solution and the benefits to the firm and importantly for the client base.
Integration roadmap for intelligent accounting – hear more about the new functionality in our own intelligent solutions to build the path to compliance advisory. Updates on our award-winning CCH iQ, new functionality for CCH iKnow and its search engine for Private Binding Rulings and our recently launched CCH Q&A service.
We want attendees at this year’s roadshow to understand what it will take to be that adaptive, agile practice that will continuously deliver on your future requirements.
Register here for the Adapting to Change: Moving Your Firm to Compliance Advisory roadshow and here for our webinar. Fiona Masina, Accountant from MAM Advisory Group joins us in our webinar to outline what it takes to achieve efficiency through technology and make the right decisions for your firm.