What does the TAC practice do?
Our technical accounting consulting (TAC) practice specializes in guiding our clients through complex accounting and financial reporting matters. It’s a blend of audit and consulting expertise, with many diverse areas of focus. We act as client advocates by creating solutions for their problems, all of which require very unique technical knowledge and consulting expertise. See all our TAC services here.
Depending on the size and scope of a project, our engagements can be anywhere from 2-3 months or up to 12-16 months. Many of our engagements involve collaboration across other practice areas at RSM, including audit, tax, transaction advisory services, valuation and management consulting.
What types of clients do you work with?
Our clients are typically middle to upper-middle market. Since all industries are affected by the new revenue standards, our clients range across technology, business services, energy, healthcare, manufacturing, consumer products and more industries.
Geography-wise, we are a national practice with clients all over the U.S., in addition to our growing international presence. While our team is national, our major TAC hubs include Boston, New York City, Chicago, Houston, Detroit and offices in Northern and Southern California.
What makes the TAC practice unique?
Conceptually, the TAC practice is similar to a start-up. We offer the unique opportunity of an entrepreneurial environment under the umbrella of a multi-billion dollar company. We formalized the practice in January 2017 and, moving forward, we are poised for incredibly exciting growth to come. We are projecting to double in size for each of our fiscal year ends in April 2019 and 2020.
Because we’re a growing, agile team, each member of our TAC practice has the ability to carve out a niche where they can apply their expertise in an area they love and where they excel. Moreover, we will help them carve out that niche to ensure that they are put to their best and highest use.
What do you look for in potential talent for the TAC practice?
Technically speaking, we target professionals with diverse knowledge in complex accounting matters with a focus on the new standard implementations. But since these standards are still new, very few professionals have direct experience. And, implementing these standards is very different than auditing them. For that reason, business skills and overall culture fit are even more important. We target professionals who have the ability to act as consultants – individuals who are agile and have the confidence to articulate a solution to a client or work with their team to find/create one.
At our core, the TAC team is one of collaboration and one of support for people who you are working with and for. So when someone joins us, we give them fantastic formal training to learn our methodologies and expertise around these new standard implementations. But in order to truly fit, we look for people who are willing to work on a team and support each other through mentorship and training given our commitment to our talent experience.
When you think about the future of the TAC practice, what are you the most excited for?
Without question, I can’t wait to see the successes to come for this hard-working group. With our growth trajectory, we will have the ability to see each and every one progress and move into leadership roles. We are already seeing our talent progress and take advantage of our accelerated leadership opportunities, and this is only the beginning.
Interested in career opportunities within RSM’s TAC practice? View our current openings here on RSM’s careers page!
