The Changing World of Accounting: Global Advisory Trends Report 2023
Spotlight Reporting has released its 2023 Global Advisory Trends Report, highlighting major developments in the accounting industry.
The report highlights three major findings, underlining the ongoing impact of the pandemic, concerns around new technologies, and the growing role of advisory services.
Key findings from the report include:
- 65% of accounting firms now consider themselves to be progressive or hybrid firms, offering substantial advisory services
- 56% provide management reporting, mentoring, forecasting or similar but feel they could ‘do much more’
- 42% of firms are looking to grow future revenues from advisory services to be 51% of their fees
- Virtual CFO and advisory work, followed by strategic planning and coaching, are the top areas of focus for fee growth
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