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Acct 525 assignment Week 7

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Read CPA Horizons 2025 found in the DeVry online library. In the document, 10 themes emerged that give insight into how the profession is conducting and will conduct business, serve clients and empl ... oyers, attract and retain employees and new business and remain competitive in the marketplace throughout the next 15 years. Summarize the four themes that you believe are the most important to the accounting profession and the impacts on the profession. Do you agree with the impacts? Can you think of more impacts? Do you agree with the ten themes? Are there any you would add? The four themes that I consider most important in the accounting profession are: 1) Pre-certification and lifelong Learning: Summary A CPA must keep up with the dynamic changing nature of the business in matters related to regulations and government compliance for our profession. There are many actions that a CPA can take in order to meet this need; a CPA must dedicate time to stay current with regulations, standards and social economics, technology, and political trends domestically and abroad as well; a CPA must cultivate his/her interpersonal skills in order to improve the relationship with colleges, clients and employees. A CPA must take advantage of the real time experience in the workplace, this will the CPA to adopt new regulations and adapt quickly and competently to every change of circumstance. The process of how an accountant can become a CPA must be strict and challenging, it also has to be practical and relevant in order to get certified professionals with great qualities and ethics; new CPA’s should not only know about technical issues but they should also develop knowledge about how to perform in business and people’s skills. Do you agree with the impact? I agree because a CPA should be knowledgeable to provide a high quality service to the community and to the world of society. CPA should be up to date with all new regulations and rules to be ready to work with different industries or organizations. However, 2) Pride in the profession: The CPA should be attentive to identify colleagues and customers that consider him/her as a advisor of trusted and showing professionalism pride and values. However, CPA should maintain integrity by following all mandatory step to provide high standard of services. Do you agree with the impact? Based on “CPA horizons 2025” I agree, because CPA with high level of objective, integrity and skills to communicate with clients is an example for people to follow when doing business accounting. However, CPA has the ability to practice or manage any change or [Show More]

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