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The first division we’ll take a look at is “Assurance”. Assurance mainly encompasses classic audit services, including financial audits.
Assurance is a very mature service offering with very well structured methodologies and reoccurring annual audit business; it holds the top spot in terms of the most annual revenue generated for the firm.
Reaching this point has taken an immense amount of patience, hard work, resilience, ambition, and even a little luck. To be clear, this article has not been written under the guise of any Big Four recruiters.
I must confess, however, that this outlook reflects how I feel today, which wasn’t always the case.
This event could provide the foundation for a “business case” to create a new practice in order to address this potential need of the future.
At its simplest form, “professional services” is an industry where firms like Ernst & Young provide clients with the right subject matter experience via resources at the right time and place and, of course, at the right price.Now that you understand the demand from the client side, let’s take a look at the delivery or firm side.