This is one of the clearest statements from a major UK professional body that firms need to move beyond traditional compliance services. ACCA is effectively warning that long-term growth and competitiveness will increasingly depend upon the development of advisory relationships and higher value client services.
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ICAEW highlights that business clients increasingly expect broader commercial guidance, strategic support and insight from their accountants, rather than simply year-end compliance processing. This reflects changing client expectations across the profession.
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This research directly links automation and AI to the growing importance of advisory services. As compliance becomes more automated, firms that develop interpretive and strategic advisory capabilities are likely to be better positioned for future growth.
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IFAC identifies advisory services as a significant growth opportunity for small and medium sized accountancy practices. The organisation recognises that firms increasingly need to diversify beyond compliance work and provide broader commercial support to clients.
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You are probably aware of the range of advisory services you could offer clients, but it’s just finding the time to figure out how best to approach the subject without sounding like an accountant on the make!
Take a deep breath and read on. We can provide you with ideas and resources to develop welcomed advisory services that your clients will value, and yes, be willing to pay for…
Whether you are already involved in delivering advice, or stuck in the compliance groove, we can help.
EXPLORE ADVISORY SOLUTIONSOur weekly Advisory Alerts content is designed to encourage clients to approach you for advice.
Our Foundation program aims to support compliance-only firms to take their first advisory steps.
Advisory Pro provides advisory-savvy firms with resources and ideas to offer twelve campaigns.
All pricing is subject to VAT at the prevailing rate.
Every practice, large or small, that wants or needs ideas and resources to promote the value of their services to clients, prospects or staff, should tap into the service. It is a low-cost, high-value resource that will save you hours of time writing your own material; well worth the monthly investment.
