Top 100 Accounting Firms 2023: Mid-tier firms such as BDO, RSM and Grant Thornton outgrow Deloitte, EY, KPMG and PwC

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  • Traditionally, the nature of accountancy means that you collect historical information and data and report on it.

Contact one of our Advisory professionals today to see how we can help you. Most placements by staffing or consulting services firms are for three to six months, though occasionally they can last a year or more. Probably the most important decision you will need to make is whether to be an independent consultant or work as a contractor for a staffing or consulting services firm, two of the main avenues for consulting, though not the only options. Different consultants offer different services and have different areas of expertise. Businesses should understand what a potential consultant specializes in and what services they can provide.

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The talent and technologies needed to transform and operate critical functions are changing rapidly. Our Operate services are changing how leading companies keep up with this change. Read our white paper, How to start an accounting advisory business, to learn more about how to become an accounting consultant.

  • Before an accounting consultant can provide effective advice or services, they must first understand the client’s business operations, financial needs, and long-term goals.
  • Our mission is to empower readers with the most factual and reliable financial information possible to help them make informed decisions for their individual needs.
  • It can take three to four months to fill a high-level vacancy, such as a CFO or controller position, and organizations may hire a consultant in the meantime.
  • With a fixed consulting fee, you charge for your value, above and beyond your time.
  • If you’ve recently realized you need help with accounting services, you might be overwhelmed by the options available.

Also, keep in mind that some prospective clients may request a proposal prior to entering into any type of legal agreement. Evaluate their qualifications, experience, specialized services, and references to find a consultant compatible with your business. By handling complex financial tasks, consultants allow businesses to focus on core operations, increasing productivity and efficiency. Furthermore, since consultants will have access to sensitive financial information, businesses must ensure appropriate confidentiality agreements are in place.

Top 100 Accounting Firms 2023

Each type of entity has a different tax treatment, and they may differ in terms of benefits. Ask yourself whether you may be hiring staff later on, which may affect how you set yourself up as well. If you’ve been considering consulting as the next stage in your career, you’re not alone. Many CPAs become part-time or full-time consultants prior to retirement.

Acquisitions helped ASV Wadeson become the fastest-growing firm in its inaugural entry into the Top 100. Revenue at the firm, ranked at 31, was up 93 per cent to $35 million thanks to the acquisition of Rhodes Docherty (number 96 on the 2022 list) and CFO on Call in FY23. Mr Mirzakhani said he wanted CharterNet Rothsay to become “the go-to firm for growth and emerging companies”.

Markets Data

Hourly rates for accounting consultants range from $27.39 (Tampa, FL) to $44.39 (Washington, D.C.). An ongoing survey by Indeed shows that the average salary for accounting consultants in the United States is $78,960 per year (as of April 2020). Janet Truncale will be the first woman to serve as global chair and chief executive of the roughly 395,000-person firm, effective July 1, 2024.


DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting.

When working with a staffing or consulting services firm, you register and are interviewed and onboarded, and the firm will match you with potential employment opportunities. The firm will also take a percentage of your pay in exchange for this and other services. The advantage to working for a firm, though, is that you won’t need to find clients or market yourself. These consultants are typically accredited accountants with a comprehensive understanding of business and finance, and they use this knowledge to offer expert advice and provide valuable services to their clients. Whether you have specialized skills or are proficient in several areas, there is a niche where you can provide great value based on your experience, skills and interests. If the accounting consulting topics in highest demand aren’t your best skills, you may want to start other advisory services in your firm.

That’s why we offer opportunities to build your skills and explore your career in a collegial environment. At Moss Adams, you’ll be challenged and rewarded for leadership, technical excellence, and inspired perspectives. We put down roots in the Pacific Northwest more than 100 years ago—a time and place brimming with determination, ambition, and endless enterprise. That history shapes our values and sense of stewardship today, informing our commitment to our clients, our colleagues, and the future.

Benefits of Hiring an Accounting Consultant

See how business data services – the next generation of master data management – connects data, processes, technology, and talent to solve problems. Converge brings together the full weight of Deloitte’s market-leading investments in technology, with a trusted network of ecosystem partners, and our firm’s experience and depth in helping clients thrive through disruption. With Practice Forward content, tools and guidance, you can expand into advisory services, improve margins, drive growth, and elevate client service. Consider a strategic vendor relationship that will help you manage workflow and client relationships with integrated solutions in addition to providing the guidance and support you need to push your firm’s transition into the future of accounting. Becoming an accounting consultant takes a special set of skills beyond your technical accounting expertise.

Regardless of the type of work you want to do, getting started as a consultant most likely will require advance planning. If time allows, you should start thinking about it at least six months from the time you plan to retire or transition. That will give you time to obtain any additional training or education you will need. To build new skills or hone irs audit ones you haven’t used lately, you may need to do research or take classes. You can also gain skills by volunteering or working at a reduced rate until you get up to speed. Our goal is to deliver the most understandable and comprehensive explanations of financial topics using simple writing complemented by helpful graphics and animation videos.

If you don’t have a strong tax background, seek out a CPA with tax experience who can assist you in the planning process. Technology and automation are increasing efficiency in accounting tasks, making consultants with adaptability and niche expertise valuable. These can provide valuable insights into the consultant’s reliability, competence, and professionalism. Businesses should therefore seek consultants who understand and can adapt to their culture and working methods.

Traditionally, the nature of accountancy means that you collect historical information and data and report on it. When working as an accounting consultant, you can take your expertise a step further. Read our white paper, How accountants work from home successfully, to discover specific steps you can take now, along with insights into how you can effectively manage your business remotely. By becoming a certified B Corporation, we are accelerating a global culture shift to redefine success in business and build a more inclusive and sustainable economy. In contrast, the 29 firms with $5 million to $10 million in revenue shrank by 17 per cent as mergers and acquisitions removed fast-growing firms previously in this group. PwC’s financial crimes solutions are organized to effectively and efficiently help our clients combat and prevent financial crimes.