By Jeff Pawlow
Anytime that complexity goes up, it seems that accounting fees follow. That said, the current economic environment may not allow firms to capture as much additional work as they may have in other turbulent/changing environments.
Clearly, clients are tightening their belts, and it now becomes imperative for firms to bring more to the table than just “debits and credits.” The role of a trusted advisor is paramount in this uncertain time and firms that embrace the challenge will leap ahead of the pack. Unfortunately, many firms are slow to adopt this posture. Providing clear value for fees is a non-negotiable moving forward.