Most CPAs hit a “wall of complexity” that prevents them from successfully growing their business.
The AICPA Horizons 2025 report challenged the industry to, "Leverage the strengths of the profession to take on new specializations and adapt to the needs of the clients, employers and business.”
“The accounting profession is currently in transformation. Those who get caught in the past and resist change will be forced deeper into commoditization. Those who can create value through leadership, relationships and creativity will transform the industry, as well as strengthen relationships with their existing clients."
Source: Thomas L. Friedman, The World is Flat: A Brief History of the Twenty-first Century (Farrar, Straus and Giroux, 2005)