The Profession Disrupted: Compliance Commoditized

House On Crack Shows Housing Market DeclineThe accounting profession globally is being disrupted right now and most accountants don’t even know it is happening.

By Rob Nixon

There are three main areas that are being disrupted in the profession:

  1. Compliance is being commoditized by technology,
  2. Labor is being sourced from less expensive countries and
  3. Clients are using the Internet for your advice.

These three market forces will only escalate, and if you do nothing about it, revenue, profit and business value will erode.