Do you think FDD service is dying as a whole?

Due to AI, feels like our work are starting to become more of a commodity with zero value add? Fee cuts, offshoring to get better margins, now companies forcing VS code and other stuff.

Feels like there are better bang for your buck in the accounting world or am I wrong?

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Deals will always need a throat to choke. I think we will be fine for a while yet!

likefunny

Maybe you’d consider this to still be “dying” but in some ways I think audit (and FDD) will never completely die and are actually less at-risk than consulting because there’s a regulatory requirement for attest services. Staffs will get leaner and fees may get trimmed, but I do think that the work will always be there.

To your point, I think highly specialized teams in b4 will become more and more valuable. Everyone will have access to unlimited knowledge/ facts through AI, but clients will pay the experienced teams who can best apply those facts to their situation and deliver results.

Maybe a specialized FDD group would be a good pivot for you, I know EY has some.

likesmart

I agree that things will fundamentally change significantly. Lower fees also means lower compensation, with a significant focus on margins.

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Margins have been thinning and differentiation has become less apparent. FDD seems more like a check the box thing but probably won't go anywhere

smart

Slimmer teams for sure, but if you stay in the top 50-70% ur prob safe for a while

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