Is the profession up to the challenges of the new economy?

For this year’s annual CPA Journal technology issue, the Millennium Series takes a balanced look at what the next 15 years have in store for the accounting profession. The pace of technological change will not slacken, creating a pervasive global network that will transform the way we live and the way business is conducted. The forecast for 2015 calls for increased regulation and increased competition from other professions. The domain of traditional accounting will be transformed and new fields that draw upon accounting skills may look vastly different.

But the need for information and analysis in the new economy will only grow. Even as traditional financial reporting may be seen as less relevant, the demand for new services, such as continuous reporting and assurance, will likely grow. If CPAs are successful in positioning themselves as the professionals best equipped to process information and make strategic decisions, the future will be one of unlimited opportunity.

The CPA Journal is broadly recognized as an outstanding, technical-refereed publication aimed at public practitioners, management, educators, and other accounting professionals. It is edited by CPAs for CPAs. Our goal is to provide CPAs and other accounting professionals with the information and news to enable them to be successful accountants, managers, and executives in today's practice environments.