Decision makers fed up with slow or subpar results take heart. Three practices can help improve decision making and convince skeptical business leaders that there is life after death by committee. To read the full article in McKinsey & Company, click: Three Keys to Faster, Better Decisions.
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Accounting services are rapidly becoming commoditized, and when clients don’t perceive a clear difference between service providers, they may choose the least expensive option. This is especially true for audit services, where clients—as well as auditors themselves—may see little difference between the work of competing firms. To read the full article in Journal of Accountancy, click: Add Value to Audits with Client-Focused Analytics.
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The accounting profession sits on the cusp of unprecedented change. Transformative technologies will reshape virtually every corner of the accounting world. For CPAs to survive and thrive, they will need to learn—and unlearn—on a scale and at a pace that can seem overwhelming. To help CPAs prepare, the JofA gathered three of the profession’s top technology experts for its annual accounting technology roundtable. To read the full article in the Journal of Accountancy, click: How AI, Blockchain, and Automation Will Reinvent Accounting.
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New Operational Risk Thinking Can Help Predict and Prevent Disasters of a Global Scale and Improve Bottom Lines as Well In an interview with Renee Boucher Ferguson of the MIT Sloan Management Review, Kathleen Long discusses some of the threats operational risk can pose to a company and how her company, Montage Analytics, is helping businesses combat these dangers.