Disruption and Innovation: How will we manage and lead?
Tidewater Chapter Specialized Knowledge Day
- Maureen Dingus, COO
- Laura Cobb, Innovation and Leadership Director
Polling URL: vscpa3.cnf.io
AICPA Council Video
• Saved at Governance/AICPA/AICPA Council/2018 AICPA Fall Council Open
R
CPA
Evolving
Market
Expectations
Regulatory &
Legislative
PressureRapid
Technological
Advancements
Brand
Integrity
Education &
Examination
Unlearning &
UpskillingStaying
Human
VSCPA 2025 Vision
The CPA profession will be
known for its dynamic culture
of innovation, visionary
leadership, professional
excellence and stellar
reputation.
VSCPA 2025
Strategies
• Drive Innovation and
Vision
• Create a Culture of
Learning
• Influence Students to
Become CPAs
• Advocate for
Members’ Interests
CPA EvolutionThe CPA Evolution initiative aims to transform the CPA
profession and its licensure model in recognition of the
need for rapidly changing CPA skills and competencies
necessitated by constantly escalating technological
disruption.
Student Trends
• Enrollment and graduates are
down 4 percent
• Over the last two years a 30 percent decline in hiring of new
graduates
• Exam candidates decreased
• Minority enrollment up
Upskilling
Six uniquely professional skills
• Divergent thinking, curiosity, resilience,
informed agility, EI and social intel, next
gen teaming
Auditor of Future needs
• Tech savvy, knows how to request data,
skills in supporting tools, understand
statistical concepts, can read interpret
visualizations
What is the biggest enabler of innovation?
Source: IPSI Innovation Continuum report
Innovation Continuum
Evolutionary(incremental)
Revolutionary(breakthrough)
Expansionary
Seeks solutions from
existing concept to do
things better
• Adding XM radio to cars
Redefines the problem
definition to break
boundaries & create
new paradigms
• First washing
machine
Challenges the
problem definition
• Drugs designed for
one purpose but found to treat other
problems
Disruption and Innovation: How will we manage and lead?
Tidewater Chapter Specialized Knowledge Day
- Maureen Dingus, COO
- Laura Cobb, Innovation and Leadership Director
Polling URL: