An “almost incomprehensible” increase in the pace of change and technological development is going to require the accounting profession to make significant changes to survive and thrive, according to American Institute of CPAs president and CEO Barry Melancon.

Speaking in an update on the profession with institute chair Kimberly Ellison-Taylor at the 2017 AICPA Engage conference, Melancon said, “We live in extraordinary times, and we need to evolve as a profession. Futurists say that the rate of change will be almost incomprehensible, and the implications are incredible as well. This comes home to roost in our profession.”

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