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Accounting Profession Faces Challenging Future

Speaking at the American Institute of Certified Public Accountants’ (“AICPA”) spring Council meeting last week, AICPA Senior Vice President of Strategy, People & Innovation’s Lawson Carmichael stated that the accounting field, CPAs and businesses they serve will have to adapt to various challenges in the coming years. As part of his remarks, Carmichael shared how the profession will be impacted, and asked Council members to offer insight on the risks and opportunities that could be presented. Trends identified that could affect accounting services include firms focusing more on growth and talent management than cost-cutting, recruiting and retaining talent, globalization, emerging. Read More.

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