Harris Williams：2022年第三季度专业及技术服务行业更新报告（中译版）（11页）.pdf

1、Professional and Tech-Enabled Services Industry Update Harris Williams|Q3 2022Professional and Tech-Enabled Services|Q3 2022What Were Reading1Recent Harris Williams Industry ContentTechnology-Enabled Business ServicesLink to Read“Accounting is attractive to PE firms for several reasons,but theyve hi

2、storically been on the outside looking in,says Christopher Geier,CEO and managing partner of Sikich LLP in Chicago.Thats partly because of the traditional accounting firm partnership structure and the fact that accounting firms doing attest work have to be majority-ownedor even entirely ownedby CPAs

3、 and cant have outside investors.”Read the full article here.The Hand of Private Equity in Accounting FirmsIllinois CPA Society“Private equity investors,he explained,are attracted to accounting firms because they believe they are low risk and recession-proof,deliver positive cash flow,and are poised

4、 for growth as the industry transitions to a more advisory-oriented service model.They believe the accounting profession is going through a major transformation.Some firms are positioned to provide the next wave of products and services and industry specialization that the middle market is demanding

5、.This will increase the price war on acquiring targeted accounting firms.”Read the full article here.As M&A Activity Reshapes the Tax&Accounting Profession,Private Equity Takes a HandReuters“Since its enactment,SOX has provided a robust framework for deterring corporate fraud,increasing transparency

6、 and promoting complete and accurate financial reporting in the public capital markets.Among its provisions,SOX created the Public Company Accounting Oversight Board(PCAOB or Board),thereby ending self-regulation in the audit profession;strengthened the independence of the audit;empowered independen