PE's Leadership ShakeUp: Accounting's Winners & Losers

Accounting Influencers Podcast

In this episode, Rob Brown discusses the significant changes in the accounting profession driven by private equity investments. He highlights the urgent need for accounting leaders to adapt to new leadership dynamics, emphasizing the importance of transformational skills, agility, and a growth mindset. The conversation outlines actionable steps for leaders to remain relevant and influential in a rapidly evolving landscape.

Takeaways

• Half of accounting leaders may become irrelevant in 36 months.
• Private equity is reshaping leadership in accounting firms.
• Traditional paths to power in accounting are disappearing.
• PE-backed firms promote leaders much faster than traditional firms.
• Adaptive leaders are prioritized over seniority in PE firms.
• New leadership roles are emerging in accounting firms.
• Leaders must balance innovation with client trust.
• Decision-making is shifting from consensus to data-driven.
• The timeline for impact in accounting is shortening.
• Leaders need to strengthen their people management skills.

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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.

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