About Foresight

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To prepare for tomorrow, the Canadian accounting profession led an ambitious multi-stakeholder consultation process that considered how the drivers of change – economic, environmental, technological, geopolitical and societal shifts – will impact the future of the accounting profession.

Launched in 2018, CPA Canada Foresight: Reimagining the Profession included six months of in-person consultation and online discussions with more than 1,200 CPAs and other stakeholders, such as regulators, academics, technology experts and standard setters from Canada and around the world.

A Future Reimagined

During the consultation, participants were asked to consider:

  • What will business look like in 2030?
  • What skills do professional accountants need in the future?
  • How do we adapt to serve those future needs?

Participants also weighed-in on scenarios identifying future directions for the profession. These insights led to the development of The Way Forward report.

The report lays out the groundwork to create a new strategic direction for the accounting profession over the next 10 years.

Key Findings

  • Accountants need to consider new ways of helping the organizations they serve unlock value.
  • Data is the new currency and accountants have a role to play in how data is protected, trusted, governed, and used to make decisions.
  • Ethics and public trust must be at the forefront.
  • Accountants need to drive organization agility and innovation, while ensuring the profession remains relevant, responsive, and protects the interests of its members and the public.

The Journey Continues

Phase 2 of Foresight will focus on two key areas: data governance and value creation.

Online discussion will take place right here on this digital engagement platform.

Accountants, investors, regulators, academics, and other stakeholders – key players in the accounting ecosystem – are invited to join in and keep the conversation going.

Let's reimagine the profession, together.

To prepare for tomorrow, the Canadian accounting profession led an ambitious multi-stakeholder consultation process that considered how the drivers of change – economic, environmental, technological, geopolitical and societal shifts – will impact the future of the accounting profession.

Launched in 2018, CPA Canada Foresight: Reimagining the Profession included six months of in-person consultation and online discussions with more than 1,200 CPAs and other stakeholders, such as regulators, academics, technology experts and standard setters from Canada and around the world.

A Future Reimagined

During the consultation, participants were asked to consider:

  • What will business look like in 2030?
  • What skills do professional accountants need in the future?
  • How do we adapt to serve those future needs?

Participants also weighed-in on scenarios identifying future directions for the profession. These insights led to the development of The Way Forward report.

The report lays out the groundwork to create a new strategic direction for the accounting profession over the next 10 years.

Key Findings

  • Accountants need to consider new ways of helping the organizations they serve unlock value.
  • Data is the new currency and accountants have a role to play in how data is protected, trusted, governed, and used to make decisions.
  • Ethics and public trust must be at the forefront.
  • Accountants need to drive organization agility and innovation, while ensuring the profession remains relevant, responsive, and protects the interests of its members and the public.

The Journey Continues

Phase 2 of Foresight will focus on two key areas: data governance and value creation.

Online discussion will take place right here on this digital engagement platform.

Accountants, investors, regulators, academics, and other stakeholders – key players in the accounting ecosystem – are invited to join in and keep the conversation going.

Let's reimagine the profession, together.

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