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Redefining the modern accountant: Leading with empathy and innovation in the age of AI

The Modern Firm®

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Rethinking Accounting in the Age of AI

This chapter explores how AI is reshaping accounting business models, emphasizing the need for a transition from traditional time-based billing to value-based pricing. It discusses innovative approaches like subscription models for stable revenue and highlights the importance of clear pricing strategies for branding. Additionally, it addresses ethical concerns surrounding client data security and the impact of AI on employee compensation and efficiency.

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