Accounting Influencers

In this episode, Rob Brown invites Gary Shamis to discuss the challenges and strategies for accounting firms to maintain independence in a landscape dominated by mergers, acquisitions and private equity. Learn the importance of partner alignment, succession planning, leadership and a recalibrated partner buyout process as essential elements for firms to thrive independently. Plus winning strategies such as building advisory practices, fostering a strong culture and executing effective change management to navigate the evolving accounting industry.Takeaways:Why it's impossible for an accounting firm to stay independent.Partner alignment is crucial for maintaining independence.Opportunistic greed can tempt firms to sell out.Firms need a succession plan to ensure continuity.Leadership development is essential for future success.Culture must be intentionally cultivated in firms.Firms should focus on creating value in client relationships.Growth is necessary to attract top talent.Change management is vital in a ra