How Innovative Cultures Impact Talent Retention

John Pace, who is the Partner in charge of Outsourced Accounting and Advisory Services at GRF CPA's and Advisors, was 2022's winner of CPA.com's Innovative Practitioner Award.  The Innovative Practitioner Award recognizes individuals who are driving the accounting profession forward through innovative thought leadership, processes, services and technology implementation. Today John is here to discuss the topic of….INNOVATION…in the accounting profession, within teams and inside of his own company.   Join the conversation to learn:  How innovation is prioritized within a firm and team  The importance of having a culture of innovation and how that impacts talent retention  What some of the attributes of innovative individuals are and what to look for  How to nurture and lead diverse and innovative teams  Fostering an innovative mindset in a traditionally risk averse profession  Practical tips for fostering more innovation and risk taking in a firm and also managing the inherent risks  To find out who won 2023's Innovative Practitioner award and who previous years' winners were go to: Innovative Practitioner | CPA.com A little bit about John Pace  A team member at GRF for 18 years, John Pace became the leader of GRF's Client Accounting Services (CAS) practice in 2017 and led a transformation that has yielded significant expansion and growth for the department. Known internally as Outsourced Accounting & Advisory Services (OAAS), the department provides outsourced accounting, assurance, and consulting to clients in the nonprofit, government contracting, and professional services industries. He and his team focus on innovation, technology, and efficiency to meet the evolving needs of the firm's clients in today's business environment. As director of OAAS, Mr. Pace is responsible for overseeing the full range of outsourced accounting services, supervising review and compilation engagements, and providing consulting for the firm's nonprofit and forprofit government contractor clients.  As part of the practice, Mr. Pace and his team specialize in supporting government funded clients and provide expert guidance on compliance issues, development of accounting policies and procedures, preparation and review of indirect rate calculations and structure, preparation and review of incurred cost submissions, assistance with negotiated indirect cost rate agreements (NICRA), incurred cost audit support, and accounting system audit support.  In recognition of his contributions to the firm and the industry, Mr. Pace was honored with the 2022 Digital CPA Innovative Practitioner Award.  Listen and find out more at digitalcpa.com/podcast.