Steven McCarty is chairman and CEO of UHY. A Walsh Business College graduate with a bachelor’s degree in accounting with distinction, McCarty has led UHY through more than 25 acquisitions in just over five years, expanded the firm’s national presence, and introduced nearly 20 new service lines.
He serves on the board of the Crohn’s Foundation and is a member of the Knights of Columbus. McCarty was named to Accounting Today’s Managing Partner Elite in 2023, Forbes’ inaugural list of America’s Top CPAs in 2024 and Irish America’s Most Influential in 2025.
What is the biggest challenge facing your industry today?
The biggest challenge facing our industry today is not a single issue but the convergence of several powerful forces that are fundamentally reshaping what it means to be a public accounting firm.
First, the rapid advancement of artificial intelligence is transforming how work gets done. Traditional compliance services are becoming increasingly automated, forcing firms to rethink how they create value and stay relevant. At the same time, this creates an opportunity but only for those willing to evolve quickly and invest intentionally.
Second, we are seeing a growing divide between aggregators and integrators. Some firms are focused on scale for the sake of scale, while UHY is focused on building a truly integrated firm that enhances client service, culture and long-term sustainability. That distinction will define which firms thrive and which struggle to maintain identity and quality.
Third, global resourcing and delivery models are changing the economics of the profession. Firms now have access to talent and capabilities well beyond their local markets, but leveraging this effectively requires new ways of thinking about quality, communication and team structure.
Finally, there is a clear shift toward deeper advisory services. Clients expect more than compliance; they want insight, strategy and a trusted partner who can help them navigate complexity and drive growth.
The real challenge is not any one of these trends in isolation — it’s the ability to navigate all of them simultaneously while continuing to develop people, serve clients at a high level and stay true to the firm’s core values. Firms that embrace this complexity and lead through it will define the future of our profession.
What is the best advice you’ve ever received?
The best advice came early in my career from my brother, Danny. At a time when public accounting felt demanding and uncertain, he challenged me to shift my perspective: “Stay in public accounting and be a partner.”
That simple statement changed everything. It moved me from thinking of my work as just a job to seeing it as a long-term career with meaningful opportunity and ownership. It gave me a clearer sense of direction and a reason to lean into the challenges rather than question them.
How do you define success?
Success, to me, is measured by the positive and lasting impact I have on others — specifically, whether I’ve meaningfully influenced the trajectory of a colleague or a client.
It’s not just about outcomes, metrics or milestones. It’s about moments where someone moves forward because of a conversation, an idea or a belief you helped instill. When a colleague steps into a bigger role with confidence they didn’t have before, or when a client makes a decision that changes the course of their business or life for the better.
I believe the most meaningful professional achievements are not individual; they’re multiplied through others. Success is helping people see what’s possible, challenging them to think differently and supporting them as they take action.