FAST FORWARD Building the Profession of Tomorrow
Report on Council’s Feedback on Strategic Implications for the ProfessionTommye Barie, CPAVice Chair of the BoardSpring Council | May 18-20, 2014
Economic & global impact Risks
• Too USA focused; business & profession needs to be global
• Smaller firms challenged to compete globally
• Keeping up with pace of change Opportunities
• New services, specialties, clients• Positioning CPA & CGMA as
premier global designations
Effect of tech on compliance Challenges
• Commoditization and outsourcing of lower end work
• Rising security/privacy concerns• Staying current and relevant
Opportunities• Focus on higher-value services• Support clients/employers with
data and analytics• Faster delivery of client services
Future of Learning takeaways Change in learning is inevitable Rise of competency-based models Technology enables more
effective and efficient learning Time-tested methods will remain Challenges
• Transitioning to a new model• Defining and measuring
competencies & behaviors• Gaining buy-in from regulators
Key trends to watch Globalization – supporting clients
and employers Regulatory overload and
uncertainty Talent
• Multiple generations in the workplace
• Appealing to younger CPAs• Diversifying profession• Retention and development
Copyright © 2014 American Institute of CPAs. All rights reserved.
Thank you!
2014 AICPA Spring Council
Scottsdale, ArizonaMay 18-20, 2014