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The amount of time accountants spend doing traditional compliance work is in "free fall" with savvy firms continuing a shift towards advisory services for business clients, according to the head of one boutique outfit.
The change is being driven, in part, by direct data feeds from banks and cloud-based systems that mean client financial information is more quickly available for accountants to analyse, said Allan McKeown, the founder and CEO of accounting and advisory firm Prosperity Advisers Group.
Read the full article on the Australian Financial Review.