Thanks to our talented people and ongoing digital and operational enhancements, we remain the leader in providing audit and assurance services to the middle market.
Why it matters
Amid changing stakeholder expectations, an evolving regulatory and business environment, and rapid technology advancements, further developing our assurance practice has allowed us to serve our clients and positively affect our people, the capital markets and our profession.
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Our focus on audit quality and applying due professional care inspires confidence and trust, enabling clients to attract investment and foster long-term relationships with their stakeholders.
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A destination of choice for top talent, we now have more than 4,000 professionals across the U.S., Canada, India and El Salvador. Last year, we delivered more than 8,000 insightful, data-driven audits adapted to our clients’ industries and unique business circumstances.
Investing in innovation
To increase automation and enhance the audit experience, we added 11 new technology solutions and implemented a generative AI pilot, further evolving our RSM Luca digital audit ecosystem. These investments have increased audit quality and efficiency while ensuring that auditing remains an exciting and attractive career.
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Creating capacity for critical thinking and higher-value activities leads to a more personalized audit and empowers our auditors’ professional lives.
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Delivering human insights powered by technology enables clients to make better-informed business decisions.
Positioning for the future
To create greater value for clients and drive long-term growth, we shifted our organizational structure to be oriented around four service lines: financial markets, services, products and the public sector. Practicing along industry lines enables us to expand our experience to better serve clients, develop our capabilities and help our people progress in their careers.
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Building teams by bringing together the best people regardless of location, while keeping important local relationships, has sparked collaboration and enhanced engagements.
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Further integration of India-based colleagues, now numbering more than 400, has boosted capacity, supplemented skill sets and balanced workloads.
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Thought leadership and board engagement amplifies our voice in the middle market conversation and demonstrates RSM’s command of our clients’ issues.
Developing our people
We enhanced opportunities for our professionals to build technical, leadership and analytical skills, and fostered ways for them to deepen knowledge and broaden their global perspective.
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More than 270,000 hours of continuing professional education training represented an increase of more than 16% over the prior year. This included expanded learning for newer employees and an innovative human insights challenge.
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116 professionals participated in global assignments and rotation programs with our national professional standards group and office of risk management.
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50 high-potential managers were tapped for FutureMakers, an 18-month leadership development program.
Enhancing our profession
RSM continued to play a leadership role in assurance standard setting, partly through active public policy engagement.
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Our chief auditor chairs the American Institute of Certified Public Accountants (AICPA) Auditing Standards Board and is on the Public Company Accounting Oversight Board’s standards and emerging issues advisory group. National office leaders also serve on AICPA committees.
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We are strong advocates for modernizing standards to reflect changing technology and shifting risk assessment criteria. Expanding assurance services to sustainability and other areas shows the importance of the CPA profession beyond traditional financial reporting.
