It's Material.

• Author: LeDuc, Denise

Evolving CPA

It's no secret that the CPA profession is evolving rapidly--and will continue to transform. On Page 15 of the May 2023 California CPA, you can read excerpts from a recent panel discussion on this very topic and I'll draw your attention to one comment made by a panelists: "We're going to practice very differently over the next 10 or 20 years than the previous 50 to 60."

As data science, analytics, artificial intelligence, machine learning and other digital technology innovations come into play more and more, and the pace of change only accelerating, there's a growing need for CPAs to lean into the changing landscape of the profession--to possess a "technological prowess."

As Steve Kimble, CPA, Chair and CEO of Deloitte Tax LLP states, "As technology and innovation in accounting practices continue to advance, there is a significant need for professionals with a hybrid of accounting and STEM skills."

Skills like data science, analytics and information systems once thought to be the realm of computer programmers will continue to make their way into the work of CPAs and open new paths for those in or seeking a CPA career.

Anticipating these changes, AICPA and NASBA launched CPA Evolution (evolutionofcpa.org) in 2018 to modify the requirements for CPA licensure and the CPA Exam. And don't look now, but what once seemed to be far into the future is practically right around the corner.

The first date to sit for the new exam is tentatively set for Jan. 10. The...