Why Is the CPA Exam Testing IFRS If Even the AICPA Says We Won’t Use It For at Least Five Years?
Speaking at the AICPA EDGE Conference in Orlando last week, the AICPA's Greg Anton said while the AICPA supports giving US companies the option to use IFRS to prepare their financial statements and would like to see one set of accounting standards, the "absolute soonest" IFRS will be seen in the US will be five […]
CPAs Still Have a Leg Up on Computers, Smartphones Says Leader of CPAs
New AICPA Chairman Greg Anton doesn’t want you to worry; you’re all still very useful.
In his acceptance speech, Anton detailed the many ways technology is changing the profession. Automation has transformed the way financial information is collected, processed and presented, but a CPA’s value continues to lie in his or her ability to solve problems and identify opportunities for clients and employers, he said.
“As CPAs, we can decipher, disseminate and manage knowledge,” said AICPA Chairman Greg Anton. “This is what a computer or smartphone cannot do.”
[via AICPA]