Jim Bourke, CPA.CITP and a partner at New Jersey-based Withum CPAs, explains the new range of opportunities in SOC engagements for cyber-security.
The content at this year’s Flagg Management show is a perfect example of the transformation of revenue streams at CPA firms today. In order to keep competitive and viable, today’s firms need to embrace the non-traditional, non-attest and non-tax services.
Offerings in the areas of cyber security, SOC1, SOC2, SOC3, the new SOC for Cybersecurity, business process outsourcing, CFO advisory services, merger and acquisition planning and implementation and assistance with collaborative, web-based accounting systems will be critical to ensuring a firm’s continued profitability.
You can’t hide from the fact that attest and tax continues to become commoditized. CPAs are the trusted professionals and possess the kills necessary to offer many of these alternative services.
So think out of the box this year and come and hear some of the best thought leaders in the industry discuss these revenue generating opportunities for your practice.