AICPA - Accounting in Extraordinary Times (Meeting Opener)
Description
Vocal Characteristics
Language
EnglishVoice Age
Middle Aged (35-54)Accents
North American (General)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
we live in extraordinary times, bringing fundamental change to the way we live. Work, think and interact with one another. It's an age of innovation and acceleration. One marked by the rapid drumbeat of disruption The World Economic Forum calls it the 4th Industrial Revolution, a transformation unlike anything humankind has experienced. The challenge as stewards of the global accounting profession is to not only imagine the possibilities, but to reimagine the profession and ensure we continue to power prosperity, opportunity and trust. If we go back 1000 years, progress was so gradual that it could take a century or more for the world to appear different today. The rate of progress seems to happen overnight and the term new normal no longer means new. It is disruptive, unexpected and represents an analytical thinking that confounds logic. Futurist Ray Kurzweil says that with today's rate of innovation in the 21st century won't bring 100 years of progress. It will bring 20,000 years of progress and the world we literally cannot yet comprehend a world shaped by robots and artificial intelligence that drives seismic shifts in society that helps us live longer and reimagines the skills we need to succeed already. It's challenging our concept of work, amplifying protectionism, introducing new risks and creating a maze of regulatory complexity. We must ask what new services will clients and customers demand to meet their next challenge is how a firm and corporate business models need to evolve. What does the world of auditing and finance look like in the years to come. We have an obligation to the generations that followed to consider these questions, to untangle this web of complexity and uncertainty. For this is the new normal, extraordinary times that demand extraordinary leadership.