Firms are looking to change the culture and alter their demands to keep the most talented individuals who can someday step into the partner’s shoes. If you are smart enough and driven enough to redefine the role of firm partner if given the chance, there are some steps you should take to move up the partnership ladder.
My first audit as CFO of the PICPA, however, has shown me that the view can be quite different from the other side of the table. Reflecting on this experience, I did find some surprises. Here are some things that I wish I had known; things that I think would have made me a better auditor.
In transitioning to the role of CFO of the PICPA, I’ve had to develop skills beyond the normal technical expertise of a CPA. Now, instead of focusing on the past through historical financial reporting, I’m challenged to look ahead and use the financial data we have to inform strategy.