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Embracing an Ever-Evolving World: The CPA's Role in Advancing Change

Calvin Harris, CPA (Md.)

As so many of us work through our profession's traditional “busy season,” it is essential to just notice how much change is happening around us. Yes, the old phrase is, “the only constant is change,” but in some ways, it may seem like things are changing like never before.

Well, that is because it's true: Things are changing now more than ever. And that is a good thing—and good news for those CPAs who are willing to evolve.

Fortunately, even with so much change around us, your State Society remains on the forefront of identifying, communicating, and embracing that change. We strive to ensure that CPAs in New York State and beyond remain informed and engaged. One such example is our report on Baruch College's 18th Annual Auditing Conference, an annual event that has traditionally played a pivotal role in helping CPAs adapt to the evolving regulatory, practical, and technological landscape in auditing.

I attended the conference personally, and I can confirm that it was an exceptional exchange of ideas. The conference continued with its perennial theme of “Ensuring Integrity,” and was hosted by the Zicklin School of Business. Presenters included leaders from the PCAOB, AICPA Auditing Standards Board (ASB), SEC, and various other regulatory agencies. As in past years, the conference served as a critical forum for discussing the integration of current trends, such as sustainability, into accounting practices. This year's conference reflected a broader shift within the business world towards recognizing the importance of environmental, social, and governance (ESG) factors in financial reporting. The ESG movement is not a passing fad; rather, it is a reasoned response to the growing demand from investors, consumers, and regulators for transparency and accountability in how businesses impact the planet and society. It also represents a significant opportunity for those CPAs who are willing to evolve and provide trusted advice in this expanding field.

In this issue of the Journal, we also provide more updates to help keep members and readers like you informed on current issues in the profession, such as non-GAAP performance measures and IFRS sustainability disclosure standards.

Yes, the only constant is change. Yet those who remain engaged will consistently identify new opportunities, and provide even greater value to customers, stakeholders, and colleagues.

The CPA Journal is proud to help facilitate that change.

Ever upward,

Calvin Harris, CPA (Md.). NYSSCPA CEO.

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