Want to know what your problem is? I’ll tell you. It’s the same as my problem.
One word. Six letters. A million headaches.
Legislation, regulation, generations, talent development, technological advances — they’re making our lives really, really complicated. A nearly constant stream of groundbreaking changes is sweeping over every corner of the profession, and the pace at which they’re occurring is increasing.
That spells trouble for CPAs. Let’s face it, with a few notable exceptions, this profession isn’t known for its forward-thinking proactivity.
A new study from CPA.com agrees. Titled “Welcome to the Fast Future: Insight Into the CPA of the Future,” the study finds that new technologies, globalization, emerging innovations like the cloud and Big Data, and the growing importance of diversity are reshaping the profession before our very eyes — and that very few CPAs are ready to take advantage of these changes.
That’s the bad news. The good news is, there are tons of opportunities for CPAs who are ready to step boldly into the future.
The report also contains its share of troubling results. Among them:
Sounds like the profession is missing one key competency — the ability to anticipate future needs and opportunities.
Fortunately for all of us, that’s a competency that can be learned. The sooner we start learning, the better.
Judging from these survey results, we have a long way to go until we’re truly future-ready.
Download the survey results in their entirety.