The accounting profession is one of the slowest to change in our country. Maybe it’s due to CPAs’ natural conservatism, the problem with most firms is that they are run by old people who don’t understand that a business revolution is happening. A firm has two choices: build a firm culture that attract millennials or keep the status quo culture of 20th-century firms in place while the new generation build the firms of the future themselves.
Peter Drucker said it best: 'Culture eats strategy for breakfast.' One constant in any industry is that change comes whether people want it to or not. In order to transformed the 1980s startup by the Choong's family into a leading pool accounting firm,...