Unless you’ve recently installed a flux capacitor in the family mini-van, you probably can’t predict the future. But human nature is insistent in its curiosity, so predictions do persist. Weather, gambling, investing…many things we do and experience prompt a desire to know what’s coming next.
The Association of International Certified Professional Accountants recently announced the Watchlist, a semi-annual list of trends, technologies and possibilities that could affect the accounting profession. The list is divided into three areas: things happening now, things that might happen soon, and things that might happen eventually. Each topic is related to how CPAs do their work, and a few of them might actually surprise you.
Unlike Marty McFly’s sports almanac, the Watchlist isn’t predestined. That aside, both do the same thing: use data to make predictions. But a small problem creeps in: what data do you use?