Professional Issues Update 1 Presented by: Tom Hood, CPA.CITP.CGMA CEO: Maryland Association of CPAs Business Learning Institute Jim Metzler CPA.CITP AICPA Vice President - Small Firm Interests Communications FOOD Group AICPA Offices New York, New York February 6, 2012
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Professional Issues Update for CPA Communications FOOD Group
Professional Issues Update by Jim Metzler (AICPA) & Tom Hood (MACPA) to the AICPA / State CPA Society Communications FOOD group.
Something is different this time or what got you here won't get you there. Setting the context with the CPA Horizons 2025 Research, Tom & Jim present the latest trends and issues facing the CPA Profession covering things like Integrated Reporting, sustainability, XBRL, social media and their impact of CPAs in firms and in Business Industry, Government & NFPs.
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Transcript
Professional Issues Update
1
Presented by:
Tom Hood, CPA.CITP.CGMA CEO: Maryland Association of CPAs
Business Learning Institute Jim Metzler CPA.CITP AICPA Vice President - Small Firm Interests
Communications FOOD Group AICPA Offices
New York, New York February 6, 2012
Why we are here?
The tornado of changes from CPA Vision Project circa 2000
The tornado of changes from CPA Vision Project circa 2000
It is really about this…
2
Today’s le+er
• Context • CollaboraAon • ConAnuous Learning
• Competencies
http://www.youtube.com/watch?v=yXoj0D1pROM
American Institute of CPAs 11
What CPAs have said abut the future:
1. Changing demographics - Aging workforce, diversity, 4 generations in the workplace
2. Increased globalization, economic shifts and increasing competition 3. The technological revolution - cloud, social, big data & XBRL 4. Issues around Information Security, Privacy & data integrity 5. Shift to consumer and employee power (from push to pull) 6. Changes in the way we communicate - mobile, txt, skype 7. Work-life challenges or conflict - "do more with less", 24/7 work 8. Information Overload - filter failure 9. Increasing complexity of rules and standards (IFRS, GAAP, PCAOB,
SEC) 10. Economic uncertainty - deficit, debt and pressure on government
Tom Hood, CPA.CITP.CGMA CEO Maryland Association of CPAs Business Learning Institute (443) 632-2301 E-mail [email protected] Web http://www.macpa.org Blogs http://www.cpasuccess.com http://www.bizlearningblog.com