Success, long the defining strength of U.S. accounting firms, is fast becoming their most dangerous liability, according to Oz Demirdovan, a PKF executive with a global portfolio.
Flush with steady profits, deep client rosters, and decades of compliance-driven demand, many firms see little reason to change—just as the ground beneath them shifts, Demirdovan tells Liz Farr in this episode of The Disruptors.
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The paradox is stark: the very stability that built the profession now insulates it from the urgency to adapt, leaving some of its most successful players at greatest risk of falling behind.
Demirdoven has worked in accounting worldwide, spending more than five years at Allinial Global. From his perspective, the most striking difference between accounting in the U.S. and the rest of the world isn’t just our complex regulatory environment.
“The biggest difference isn’t only regulation, it is mindsets,” he explains. “I would say, in North America, especially in the United States, firms are still very compliance anchored.”