Barry Melancon, CPA, CGMA, President and CEO of the American Institute of CPAs (AICPA) and CEO of the Association of International Certified Professional Accountants (the Association), reflects on the success of the past year and the opportunities ahead in 2019.
Last year, you used one word to sum up 2017: change. How would you sum up 2018?
The change and disruption we saw in 2017 continued in full force into 2018 – it just became faster and more complex. The unprecedented pace of innovation and interconnection of new technologies, unstable business and political environments and changing workforce demographics are transforming the accounting profession and the role we play as trusted advisors to the individuals, businesses and communities we serve.
And as bewildering as change can sometimes seem, I think it’s actually promising for the future. These extraordinary times present nearly limitless opportunities for our profession, allowing us to dramatically reimagine the work that we do to become even stronger, more trusted and more vibrant. But to realize that opportunity, we have to be willing to challenge convention - to go beyond the way we’ve done things, beyond expectations, beyond comfort zones. That’s been a central theme of our work in 2018, as we’ve helped our members prepare for and embrace the opportunities on the horizon.