In today’s industry 4.0 environment, technology has become the key to driving business growth and success. Even the scope and approach of accounting tasks and operations in companies have shifted with new-age technologies, creating a challenging landscape for accountants. To overcome this challenge, accounting boards worldwide came up with the solution CPA Evolution 2024– aiming to create flexibility and transformation in the CPA exam structure, CPA licensure model, remuneration, and work-life balance.
Why CPA Evolution is Important?
Edtech leaders suggest upskilling as a worthwhile solution to bridge the $8.5 trillion global skills gap (85,000 unfilled positions). The AICPA and NASBA discovered the following reasons to launch the evolution in order to create an inclusive workforce.
- Inspire CPA aspirants to remain competitive in the Industry 4.0 Finance and Accounting world.
- Learn and apply advanced technologies such as AI, ML, and Data Analytics and Accounting to tax, auditing, and financial planning processes.
- The Big Four i.e., the four largest professional services networks in the world: announce 52,000 new jobs, 50,000 of which are for technical roles.
- Accounting graduates in public accounting companies are declining by 30%, while non-accounting graduates are increasing by 31% in the accounting profession.
CPA – The Future of Accountants
In a report by McKinsey, it has been suggested that in the next decade over 6-12 million jobs will be generated through niche technologies. In order to boost global employability skills and career growth, accounting students and professionals should find the top CPA review course to excel in the worldwide CPA exam. CPA can be an unrivaled career pathway for accounting professionals struggling with career immobility, slow salary hikes & perks, and upskilling for CPA Evolution can benefit them to ride over obstacles.
To help these professionals and accounting students obtain core competencies and shape their careers for the long term, Andrew Katz Tutoring provides an effective platform to prepare and pass the CPA Evolution 2024-based exam.
Benefits of CPA Evolution 2024
The CPA Evolution 2024 is expected to introduce a global standard CPA examination. Second, it is structured to update the CPA curriculum to meet the accounting and finance industry’s future demands. It has positioned advanced and key capabilities such as risk assessment, information technology and system governance, and accounting analytics to bridge the talent gap and fill competitive jobs at the Big Four and top firms.
Ace the CPA Evolution 2024 with Andrew Katz Tutoring
Earning the CPA license can gear you to fetch top roles at Big 4, or other leading organizations across the world. For this, Andrew Katz Tutoring can be your guide through the path. They provide effective CPA exam preparation by offering personalized guidance tailored to individual learning styles. With a focus on understanding candidates’ strengths and weaknesses, the tutoring sessions can address specific areas needing improvement. Andrew Katz, known for expertise in accounting education, likely employs proven strategies, practice materials, and exam insights, enhancing the chances of success for CPA candidates. The personalized attention and targeted support contribute to a more efficient and comprehensive preparation experience.