Subject matter expert (SME)

The term ‘Subject matter expert’ or ‘SME’ broadly refers to an individual with extensive knowledge and skills in a specific field or discipline. SMEs are frequently depended upon for their expertise in delivering detailed, trustworthy, and highly-efficient opinions on their subject of specialty. When contextualizing this term to the accounting and consulting businesses, a SME is a professional who has deep understanding and extensive experience in accounting, tax specialization, specific software tools, or business consulting. This is a person who has spent many years immersing themselves in their field. They are completely familiar with the complexities, nuances, terminologies, and current trends. These individuals not only have a comprehensive understanding of principles and theories but also the practical application of these concepts in various business contexts. A subject matter expert in accounting or consulting is often sought out by customers or called upon to train others, determine best practices, and provide strategic leadership and guidance. Their comprehensive knowledge makes them an invaluable resource for tackling intricate business challenges and shaping organizational strategies.