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World Congress of Accountants 2014: Grande Successo!

ColosseumI’ve just returned from the World Congress of Accountants 2014 in Rome where the CGMA designation, powered by the AICPA and CIMA, served as the imperial and event app sponsor. I can tell you unequivocally, in English as well as Italian, that it was a great success!

WCOA is organized by the International Federation of Accountants and is held every four years. As lead sponsor, the event provided us the ultimate opportunity to showcase the CGMA designation, the US CPA credential, and the AICPA to an audience of nearly 4,000 professional accountants from around the globe.

At WCOA, we launched a series of reports and briefs that explore the latest trends shaping the future of business. Here’s a synopsis of those reports:

  • New ways of working: Managing the open workforce,” delves into the rapidly emerging trend of the open workforce, in which responsibilities are spread across a complex mix of in-house teams and external talent such as freelancers and contractors. The report presents key findings from a research study of senior executives and their thoughts on addressing the unique challenges of managing an open workforce.
  • Ethical performance: Driving value from an ethical culture,” discusses the three organizational deficits that hinder the establishment of an ethical culture, and how CGMAs can help their organizations overcome them. It also reports on our survey of CGMAs regarding ethics and professionalism.
  • Big data: Readying business for big data,” introduces four specific new competencies that organizations need to develop in order to harness massive amounts of information and unleash its power to generate valuable insights. 
  • Integrated thinking: The next step in integrated reporting,” explains how integrated reporting helps organizations and their stakeholders make better business decisions for sustainable success. With their broad view across a business, CGMAs can play a major role in helping organizations implement <IR> and benefit from the competitive advantage that it can create.

All four reports are designed to help management accountants stay ahead in a fast-changing and uncertain future. To explore these reports and other key resources introduced at WCOA 2014, I invite you to visit cgma.org/wcoarome.


Arleen Thomas, CPA, CGMA, Senior Vice President- Management Accounting, American Institute of CPAs. 

Great Colosseum, Rome via Shutterstock


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