Thursday, June 21st, 2018

Disruption of the Profession

“The difficulty lies not so much in developing new ideas as in escaping from old ones.” – John Maynard Keynes

Last week, Daniel Hood, Editor-in-Chief of Accounting Today, wrote a great article covering a presentation by Mark Koziel, of the AICPA, at the recent ENGAGE conference in Las Vegas.

Koziel noted that technology is taking us out of our comfort zone. “We as a profession can’t wait for regulation to disrupt us, we need to disrupt ourselves,” he said. “We’re going to take our expertise and interact with our clients in new and different ways.”

Here’s an excerpt:

Among the most important ways the profession will need to change will be to move up from services and activities that rapidly being automated. “Technology could automate 49 percent of current activities,” he warned. “Data processing and bookkeeping have a higher percentage chance of being automated, versus managing others and applying expertise – and that’s what CPAs do: We apply expertise. That’s less likely to be automated. Analyzing and interpreting data is where it’s at – not the low end of data entry,” he added.

Read the entire article here and share it with your partners and team members.

  • "The key to success and change management is learning, then unlearning, and then relearning."
  • Mark Koziel, AICPA

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