Technology is the new fuel to drive business performance and success in an Industry 4.0 environment. As new-age technologies are shifting the scale and style of accounting functions and operations in companies, over 1200 accounting boards and professionals across the globe to overcome this challenge came up with a solution of introducing a CPA Evolution 2024. The evolution in 2024 would create flexibility and change in the CPA exam structure, CPA licensure model, salary, and work-life balance.
Why CPA Evolution is the need of the hour?
Most edtech leaders see upskilling as an effective strategy to bridge the global talent crunch of $8.5 trillion (85,000 jobs unfiled) by 2030. As a way of formulating an inclusive workforce, AICPA and NASBA found the following reasons to initiate the evolution.- Fuel CPA aspirants to stay competitive in Industry 4.0 F&A landscape.
- Learn and apply competitive Technologies (AI, ML, and Data Analytics + Accounting) to tax, auditing, and financial planning processes.
- As the Big 4 announce 52,000 new roles of which 50,000 positions are technical.
- There is a 30% downfall in accounting graduates in Public Accounting firms and a 31% increase in non-accounting graduates in the accounting profession.
