Building What’s Next: Strategic Shifts Redefining Accounting — Alan Badey, CEO of Citrin Cooperman Advisors LLC, sits down for a conversation with Russell Shapiro
While many questions remain about how transformative technologies, including AI, will impact accounting firms, there is no question that the industry is at the beginning of a new chapter.
Citrin Cooperman Advisors LLC CEO Alan Badey is bullish on this watershed moment. In a recent interview with LP Partner Russell Shapiro, Alan talks about how access to more sophisticated data allows accounting firms to unlock new value for clients, the role of private equity investment in positioning firms to meet this moment, and how the next generation of accountants can excel in today’s industry. Russell and Alan’s conversation touches on:
- How Citrin Cooperman is progressing through the generational transformation driven by AI
- How accounting firms assess and select capital structures that align with their strategic goals
- How private equity investment has changed the industry for the better
- The optimal model for governing accounting firms, and shifting from a partnership model to a corporate model
- How the impact of AI on the industry will affect the next generation of talent and global sourcing of labor
- How AI will impact pricing in the accounting industry, and how it can create new value for clients that wasn’t possible before
- How Citrin Cooperman is approaching organic growth as a strategic objective
- Growth statistics and the fastest-growing service lines for mid-tier firms
- How to keep the culture human-oriented in the presence of PE and new technology
- The state of the deal environment and what is happening with multiples
- Citrin Cooperman’s acquisition strategy and its “one firm” brand and approach
- How to address the challenges around integration following an asset acquisition
- The challenges of structuring fixed fees and value-based fees given the impact of AI
- Citrin Cooperman’s Overall Strategy
- How Citrin Cooperman distinguishes itself from its peers
- What an accounting career will look like for young accountants starting out today