CPA Vision 2025 & Top Trends to Watch 2012 - CPA Horizons 2025
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The document outlines the vision, purpose, and values of CPAs in Maryland, emphasizing their commitment to integrity, excellence, and lifelong learning in a complex and changing world. It discusses the strategic competencies and services offered, as well as challenges facing the profession, including globalization and technological advancements. Key themes include the importance of communication, performance management, and adapting to the evolving financial landscape.
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CPA Vision 2025 & Top Trends to Watch 2012 - CPA Horizons 2025
- 1. MARYLAND Vision Statement: Where we’re going Core Purpose: Why we exist Core Values: What we stand for EDITION CPAs are the trusted professionals who enable people and EXCELLENCE: CPAs are committed to excellence and strive to deliver the organizations to shape their future. Combining insight with highest quality services. integrity, CPAs deliver value by: INTEGRITY AND PROTECTING THE PUBLIC INTEREST: CPAs conduct CPAs … making sense of a CPA VISION 2025 themselves with integrity and honesty, holding themselves to rigorous • Communicating the total picture with clarity and objectivity, standards of professional ethics. • Translating complex information into critical knowledge, changing and complex world. OBJECTIVITY: CPAs maintain impartiality and intellectual honesty by remaining free of personal bias and conflicts of interest. • Anticipating and creating opportunities, and LIFELONG LEARNING: CPAs highly value continuous learning adn know that • Turning insights into action to transform vision into reality. L>C (the rate of learning must be greater than the rate of change). COMPETENCE: CPAs are experts in the language of business and demonstrate superior technical proficiency by performing with a high level of expertise and knowledge. Our Strategy: How we are going to get there Core Services Core Competencies Produced by the Maryland Association of CPAs and the Business Learning Institute, Oct 2011 ASSURANCE AND TECHNOLOGY MANAGEMENT FINANCIAL GLOBAL SERVICES: LEADERSHIP: COMMUNICATIONS: STRATEGIC COLLABORATION TECHNOLOGICALLY INFORMATION SERVICES: CONSULTING AND PLANNING: THIINKING: AND SYNTHESIS SAVVY: INTEGRITY: PERFORMANCE MANAGEMENT: The ability to Able to give and A future-minded and Effective at engag- Anticipating tech Provide a variety of Services that leverage Provide advice and Provide a variety of Provide global financial changes and how services that facilitate develop and share exchange informa- flexible mindset ing others and services that improve technology to improve insight on the financial services to organiza- they can benefit international com- insights and the tion with meaningful that thinks critically working across and assure the quality objectives and decision and non-financial tions and individuals others. Adept at merce. Leading in the aptitude to mo- context and with and creatively. The boundaries to turn of information, or its making including performance of an that interpret and add standardizing data development of global bilize and inspire appropriate delivery ability to link data, challenges into context, for business business application organization’s opera- value by utilizing a wide for transparency, standards and business others to action. and interpersonal knowledge and opportunities. The decision making. processes, system tional and strategic range of financial infor- efficient exchange, practices and new ways Leadership is about skills. The ability to insights together ability to consider integrity, knowledge processes through mation. These include and visualization that more businesses finding possibilities make thinking vis- to provide quality the whole picture management, system broad business everything from tax with tools like XBRL. can access and par- and developing ible to others in a advice for strategic (past, present, and security, and integration knowledge and planning and financial ticipate in the global people, utilizing way they can easily decision-making. future) and create of new business judgment. statement analysis to marketplace. their strengths, and grasp. alternatives and op- processes and structuring investment shaping the future. tions for the future. practices. portfolios and complex financial transactions. 1998 2000 2002 2011 bizlearning.net/live/i2astrategicplanning
- 2. What CPAs have said about the future: 1. Changing demographics - Aging workforce, diversity, 4 generations in the workplace 2. Increased globalization, economic shifts and increasing competition 3. The technological revolution - cloud, social, big data & XBRL 4. Issues around information security, privacy & data integrity 5. Shift to consumer and employee power (from push to pull) 6. Changes in the way we communicate - mobile, txt, skype 7. Work-life challenges or conflict - "do more with less", 24/7 work 8. Information Overload - filter failure 9. Increasing complexity of rules and standards (IFRS, GAAP, PCAOB, SEC) 10. Economic uncertainty - deficit, debt and pressure on government Future Forum Process http://www.bizlearning.net/live/i2afutureforums