1) What do you see as the profession’s most significant accomplishments in 2016?
One of the things that has made our profession so strong and vibrant is our willingness to embrace change and adapt to meet evolving needs of the clients and businesses we serve. Today, change is happening at unprecedented speed and fundamentally reshaping the environment where we operate. That means we have to move faster, look farther down the road and over new horizons to anticipate and get ahead of what’s coming next.
We have met that challenge head on, and I would say that is our most important achievement this year. There are numerous examples – the effort to seize new technologies to evolve audit for the future. The work in cybersecurity to create a consistent approach to examination and report on an organization’s safeguards. The new version of the Uniform CPA Exam, which goes live in April 2017 and tests higher order cognitive skills. The launch of RIVIO clearinghouse, which transforms how private company information is exchanged. Our thought leadership and work with employers through the CGMA program to elevate quality in management accounting. And the new international association that members of the AICPA and The Chartered Institute of Management Accountants approved last spring will provide a broader and more powerful platform to advance public and management accounting around the world.
All of this work is critical to our ongoing relevance and our strong reputation as a beacon of insight and trust in a volatile, complex world. It keeps us moving along a path of progress.