Insight

Insight's Special Features strive to provide thought leadership on topics of particular relevance to today's accounting and finance professionals. From audit quality and the CPA brand, to redefining the CPA's role, these Special Features are an integral part of the Illinois CPA Society's commitment to "Enhancing the Value of the CPA Profession."

 

Trust Is Not Enough

 

Trust Is Not Enough: Recharting the CPA's Path Forward

To ensure the relevance of CPAs and the CPA profession, it is time to look beyond the traditional tax, accounting, and audit services—what we refer to as compliance services—that CPAs have built their reputations on.

For years, being experts in these areas has treated CPAs amazingly well, but we cannot overlook that companies and clients today are demanding so much more from their business advisors—think deeper strategic insights, data analysis, and predictive analytics, just to name a few. Now, more than ever, CPAs must redefine who and what they are to their clients and companies or risk their relevance in a tech-heavy business world.

In this 2019 Insight Special Feature, the Illinois CPA Society challenges that it's time for CPAs to rechart their path forward as the most valued and strategic business advisors.

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2018 INSIGHT Special Feature - Culture Conflicts

 

The Culture Conflicts:
Are Long-Standing Business Practices Damaging the Accounting and Finance Profession?

“Finding and retaining talent” continues to be one of the biggest challenges we hear from accounting firms. The CPA profession struggles with retaining young professionals, advancing women into leadership positions, and building succession plans for firms.

Why haven’t we solved these problems, even though we’ve talked about them for years? Do we really understand what’s behind these issues? What if they’re actually driven by our workplace cultures?

In its 2018 INSIGHT Special Feature, the Illinois CPA Society asks the question: "Are long-standing business practices damaging the accounting and finance profession?"

We welcome your thoughts and insights on these very important issues impacting our profession.

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2016 INSIGHT Special Feature - CPA Pipeline

 

PIPELINE DISRUPTION: The search for solutions to the weakening supply of CPAs

“Why aren’t record numbers of accounting students and young professionals sitting for the CPA exam? Why does pipeline continually come up as one of the top issues facing the profession? We have to ask ourselves what can — or should — we do about it? Or, maybe more importantly, what happens if we do nothing at all?"

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2015 INSIGHT Special Feature - Audit Quality

 

Audit Quality & the CPA Brand

Ongoing audit quality issues impact both you and the CPA profession. So what are we going to do about it? In our debut 2015 Insight Special Feature, we explore the issue of audit quality, its potential impact on the CPA brand, its challenges from the auditor and reviewer standpoint, and where the search for a solution may lead us.

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