These practices are then lumped into larger organizational categories that support the firm’s overarching strategic vision. Here’s an example which should clarify things for you a bit: I’m part of the “Program Advisory Services” practice, or PAS for short.
My practice then rolls up into the “Risk Advisory Services” service line.
Firms as you might expect are structured in such a way as to meet client demand.
Ernst & Young, like any of the Big Four or large professional services firm, is composed of a series of “practices” or unique groups of resources, ranging from a handful of people to several hundred, which tout similar subject matter experience.
These groupings also vary from country to country and region to region depending on client demand in that particular geography. This is a possible scenario, I might add, given today’s market conditions.
These “service lines” then roll into four major divisions which are: Assurance, Transaction, Tax and Advisory. The new regulation will have a significant impact on these companies for obvious reasons.
It may be a “bad luck” scenario for companies, but it could be a “big opportunity” for their professional advisors.
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.Once the business case is formally presented and a firm commits to the investment…Recruit, train, sell and bam! This exemplifies why professional services firms cannot have a flat or rigid hierarchy.It is for that main reason that such a fluid organizational structure must be in place. At this time, Wells Fargo only accepts online applications for a Personal Loan or Line of Credit from existing Wells Fargo customers.Please visit a Wells Fargo location to speak to a banker about credit options that don’t require an existing Wells Fargo relationship. JOSHI BEST FAMOUS ASTROLOGER IN MUMBAI, INDIA (ISO 9008 CERTIFIED COMPANY). Specialist in – Marriage, Professional (Job& Business), Financial and Educational problems.