APPLIED QUANTUM STRATEGIC INTELLIGENCE:  KPMG sees a promising future for Certified Public Accountants (CPAs), but acknowledges several challenges and opportunities. Here are some key points:

 

Evolving Skills and Competencies: KPMG recognizes that the CPA licensure model needs to evolve to keep pace with the rapidly changing skills required in the accounting profession. The CPA Evolution initiative aims to address this by incorporating new competencies2.

 

Diversity and Inclusion: KPMG is committed to building a skilled and diverse workforce. They have initiatives to support underrepresented groups in obtaining their CPA licenses and entering the audit profession2.

 

Technology Integration: The integration of advanced technologies like AI is seen as crucial for the future of CPAs. KPMG emphasizes the responsible and ethical use of AI to enhance productivity and refine risk assessment1.

 

Client Expectations: Changing client expectations around sustainability reporting, financial reporting relevance, and data mining are shaping the future of the profession. CPAs will need to adapt to these evolving demands.

 

Support for Aspiring CPAs: KPMG offers various programs to support aspiring CPAs, including flexible study plans, mentoring programs, and financial support.

 

Overall, KPMG believes that CPAs will continue to play a vital role in the profession, but they must adapt to new skills, technologies, and client expectations to remain relevant and effective.