CAS practice functions differently than the traditional compliance-based practice and can't be built or managed the same way. That means CAS practice leaders may encounter challenges when trying to grow a successful practice within a traditional full-service firm.
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With all the talk of the profession's digital revolution, as well as the bevy of new service lines it can enable, one might be tempted to think that every single firm everywhere is either already on the cutting edge of technology or is actively working towards it. Despite this, however, there remain many firms that not only have not undergone this process, but don't wish to do so in the future.
https://www.accountingtoday.com/news/johnson-firms-are-increasingly-divided-over-tech-upgrades
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Delivering the next level of client accounting advisory services (CAS) doesn't start with the latest widget, it starts by simply listening to the needs of clients.
https://www.thomsonreuters.com/en-us/posts/tax-and-accounting/accounting-professionals-talking-cas/
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Ericka Racca, director of audit professional services at CPA.com, and Karl Busch, senior director of product management at the AICPA, describe the capabilities of the upcoming Dynamic Audit Solution.
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Client accounting services has been hugely successful as a service offering, but CPA.com president and CEO Erik Asgeirsson and vice president of growth and professional services Kalil Merhib say firms need to evolve toward the next stage: client advisory services.
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