News & Updates

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July 3, 2023

It’s Time to MOVE the Needle on DEI 

The Accounting MOVE Project is the only annual benchmarking research and advocacy report that equips accounting and advisory firms to detect, develop, and drive competitive advantages from diversity initiatives and trends. 
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June 21, 2023

Innovation Insights Podcast: Hong Consulting, LLC

The proverb, “Necessity is the mother of invention,” could not be more true for Hong Consulting, LLC. It was created to help other companies with environmental, social, and governmental (ESG) reporting, but it was born of a passion for helping others from founder Adrian Hong. After working in auditing in public accounting, Hong took his talents to the Financial Accounting Standards Board (FASB) to update external taxonomy. However, home came calling.
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June 20, 2023

Unleashing the Power of Technology: Transforming Accountants into Trusted Advisors

In today’s rapidly evolving world, technology is revolutionizing the way we work and live. Accountants and CPAs are no exception. We need to embrace the power of technology to enhance our services and better serve our clients as advisors. By leveraging technology and focusing on the complicated work that bots can’t do, accountants become trusted advisors, building deeper relationships and
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June 13, 2023

The Heart and Soul of Public Accounting: Why Compliance Matters

In the world of accounting, compliance work is often seen as the unglamorous side of the profession. But what if I told you that compliance is the heart and soul of accounting, the unsung hero that makes advisory work possible? In this blog post, we will explore the importance of compliance work in the accounting profession, and why it’s time
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June 6, 2023

Reality Check: Challenges Associated with Moving to Advisory Services

Are you tired of feeling overwhelmed and stuck in the compliance workload, unable to provide valuable insights to your clients? Do you feel that your firm has the potential to grow and create a lasting impact, but capacity issues hinder your progress? You’re not alone. Many accounting firms are struggling with the same challenges. But what if there was a
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June 5, 2023

90% of Accounting & Audit Firms Struggle to Find Talent

The issue has become so critical that the trickle-down effect is leaving many municipalities—and their citizens—in the lurch. Staffing shortages in the accounting industry have almost always been concerning, but it’s reaching epidemic heights. According to an April 21 article in Fortune, S&P Global Ratings withdrew 64 credit ratings for governments and utility systems for failing to file financial information
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May 30, 2023

Transforming Your Team into Trusted Advisors

There’s a secret lurking in the depths of the public accounting world. A hidden treasure, a powerful weapon that can catapult your firm to new heights of success. It’s called “advisory services.” And yet, despite its immense potential, many firms are not yet experiencing its transformative power. Why? Because they’re looking in the wrong place. The truth is, advisory services
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May 23, 2023

Advisory Work for Family Businesses

The world of accounting is more than just crunching numbers and balancing the books. For those who have chosen this profession, there is a calling to be more than just an accountant. To be a Trusted Advisor, to be someone who is impactful and rewarding, and to be a problem solver. Meaningful transformations One of the most meaningful transformations that
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May 16, 2023

Unlocking the Secrets of Success: How Trusted Advisors Transform Businesses

Imagine this: You’ve just started your dream business. The entrepreneurial fire is burning bright within you, and you’re filled with ambition, passion, and excitement. But then, reality hits, and you find yourself overwhelmed by the financial complexities, growing pains, and myriad questions that come with running a business. Who do you turn to for help? Who can you trust to
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May 9, 2023

Team Transparency Drives Prosperity

Staff and employee annual reviews help assess where teams need additional help, guidance, and development. If only they weren’t so painful…Guest host Donny Shimamoto talks to Menlo Innovations representatives in this episode of Transformation Talks. Learn how more open reviews–and pay transparency–could improve team morale.
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