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Fit For The Future

The culture of personal financial responsibility is strong in the US and is moving that way in the UK. Richard Bertin reports on this year’s AICPA conference

US Certified Public Accountants are already ahead of the curve in their focus on personal financial planning services, and their appetite to diversify into this growing market is on the rise, judging by this year’s financial planning conference arranged by the American Institute of Certified Public Accountants (AICPA).

Anxieties about future profit and compensation have hit home for many AICPA members in practice, and this is, in part, driving the search for new areas of business. There are many similarities with some of these commercial pressures affecting the accountancy profession in the UK, for example where margins for tax compliance work and the effects of technology are undermining revenue streams.