Cpca Horizons 2025 Case Study

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ACCT525
Week 7 Assignment
The CPA Horizons 2025 is a road to the future and it is a major step in the right direction by AICPA. The initiative has been on going for about a year and the professional body has come up with ideas on what’s the new big thing for CPAs to focus on and the accounting profession as a whole. CPA Horizons 2025 brings about insights from more than 75,000 comments from CPAs from all sectors of the accounting profession and to discuss what is at stake and challenges that will be faced in the years leading to 2025. The most important thing about the Horizons 2025 is that initiatives are developed with regards to the direction and challenges that will be encountered in the future. There are key findings and agreement made …show more content…
Education is an important aspect in preparation of certification in this profession. Throughout one’s career, individuals should learn how to recreate or reinvent themselves. CPAs will have to evolve and technical accounting knowledge will not do it and hence CPA must develop different skills such as leadership, problem solving and must be business savvy. The impact of education is good and the requirements for new CPAs must remain rigorous and demanding and be practical and …show more content…
They have to be proactive in addressing the demographic shifts both nationally and internationally. The profession must continue to support and enhance programs that build awareness of the CPA profession to young audiences. The profession has to offer more opportunities for minorities groups in order to give more awareness to the profession. The impact embracing the demographic shift will allow older CPAs to mentor the young CPAs and bring about leadership and advancement opportunities that will foster stronger relationships and

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