I attended AICPA Engage recently and thought I would share a few take aways. What was the theme of the conference?
The two terms heard everywhere? PE (Private Equity) and AI (Artificial Intelligence).
If I had a nickel for every mention, I’d be rich.
PE is polarizing, similar to many things in American culture. Some firms fiercely want independence, while others see PE investment in the accounting industry as beneficial.
Bottom line: Capital source matters. Unpack where the money is coming from before making assumptions.
Holy guacamole—massive tech overload.
Key takeaway: Don’t fall prey to shiny new tool syndrome or AI FOMO. Build a clear tech plan, or you’ll waste time, money, and energy.
From AICPA’s new CEO Mark Koziel:
AICPA polling showed that by 2040, reducing work hours was the top priority for accountants—by a landslide.
Like the past and like it will be in the future, the profession is at a crossroads. The more things change, the more they stay the same.
In summary, it is a great conference to attend. It gets one thinking.
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