LEAD THE FUTURE OF THE ACCOUNTING PROFESSION

To support this goal, there are three initiatives. Explore CPA Australia's progress on each of these below.

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10.00am - 10.05am
2.1 CONDUCT RESEARCH ON HOW THE CPA DESIGNATION MEETS FUTURE NEEDS
World Congress of Accountants

In November 2018, CPA Australia co-hosted the World Congress of Accountants (WCOA) 2018 alongside Chartered Accountants Australia and New Zealand.

Held every four years, WCOA is the most significant gathering of the accounting profession and brought the world’s leading accounting and finance experts to Australia. The event attracted close to 6000 delegates, including more than 1000 CPA Australia members. Delegates discussed the major issues affecting the future of the accounting profession and heard from an impressive line-up of keynote speakers.

View CPA Australia’s coverage of WCOA

Blockchain research

CPA Australia has signed an agreement with the RMIT College of Business Blockchain Innovation Hub to explore opportunities for collaboration in education and research on blockchain. Blockchain is a major topic of interest that will affect the future of the accounting and audit profession. Watch INTHEBLACK.com’s award-winning  blockchain explainer video.

     

Economic trends and innovation forum – China

CPA Australia's Beijing office hosted The era of transformation – empowering the future: 2019 CPA Australia Economic Trends and Innovation Forum at Dalian Castle Hotel on 31 May 2019. Topics included digital transformation, market outlook, robotic process automation and artificial intelligence in the profession.

Tenth annual Asia-Pacific Small Business Survey

CPA Australia conducted its tenth annual Asia-Pacific Small Business Survey (PDF). The survey measures business sentiment, technology uptake and access to finance across 10 markets in the Asia-Pacific region.

IFRS workshop – Laos

During May 2019, CPA Australia jointly held an International Financial Reporting Standards (IFRS) workshop for accounting and finance professionals with Lao Securities Commission in Vientiane, Laos, to discuss the benefits of adopting IFRS.

Workshops held in Hanoi in August to support Vietnam’s transition to adopting IFRS 15: Revenue from contracts with customers, and IFRS 16: Leases.

Cryptocurrencies and blockchain

The Northern Territory office co-hosted an event with the Australian Computer Society that looked at cryptocurrencies and blockchain and explored the importance of being aware of the impact these technologies will have on accounting and finance.

Policy and the environment

CPA Australia published a detailed policy statement setting out the role accounting can play in formulating environmentally sensitive business and economic policy.

Fintech Symposium
Hosted Fintech Symposium in Melbourne in conjunction with RMIT College of Business attended by academics, students and industry experts. Topics included, The future of accounting, automation, digital payment solutions, accounting software, Blockchain and big data.

Fintech

Congress 2019 – Business as Unusual
CPA Australia’s flagship event running in 13 locations across 7 countries with 8000+ delegates & 275+ speakers and presenters. This year’s theme is Business as Unusual exploring key topics The Future of Digital Money and Accounting for the Robots.

CPA Virtual Congress 2020 – Save the date

CPA Virtual Congress 2020 will be a worldwide online event that will connect our global community over three days from 10-12 November. More details to follow. The move to an online event is in response to the COVID-19 pandemic.

10.00am - 10.05am
2.2 REFLECT FUTURE NEEDS OF PROFESSION THROUGH INNOVATION AND CERTIFICA…
My Career Navigator  

CPA Australia member research shows that future career development is a top priority for members.

CPA Australia has partnered with Burning Glass Technologies, the world’s leading provider of real-time labour market data, to develop My Career Navigator - an online tool to help members understand the skills employers are looking for and to shape their career pathway.

My Career Navigator launched in November 2019.

device mockup of navigator tool

Develop Capability Framework

CPA Australia has developed a new future-fit Capability Framework that will act as a benchmark against which ASA and full members’ competencies are assessed and measured. It will demonstrate the high-quality certification that CPA members achieve, particularly in competencies around digital and data.

FASEA Transition period extended

Existing financial advisers have additional time to meet the qualification and examination requirements set by the Financial Adviser Standards and Ethics Authority (FASEA).

Existing advisers must complete the FASEA exam by 1 January 2022 (one additional year) and meet FASEA's qualification requirements by 1 January 2026 (two additional years). These changes will not apply to new advisers registered after 1 January 2019.

Digital Finance Micro-credential offer

See 4.1 – improve CPD offering

10.00am - 10.05am
2.3 REVIEW MEMBERSHIP PATHWAYS FOR SKILLED PROFESSIONALS FROM NON-ACCOU…

Progress will be reported against this initiative during 2020.

Sectors

  • Accounting for COVID-19

    Gain exclusive insights from experiences and case stories on how finance teams and leaders are navigating the complexities of a COVID-19 impacted world.

  • Accounting for Sustainability

    Lead your teams through the risk and opportunities associated with delivering financial returns while successfully navigating a sustainable business, generating positive value for society and operating within environmental constraints.

  • Governance and Risk

    Understand emerging trends and current regulatory and risk management framework, equip yourself with tools to assess your business, develop a response strategy and position your organisation well into the future.

  • Innovation and Finance Transformation

    Keep abreast with the nimble innovation landscape, hear from global finance leaders on opportunities and challenges of business transformation and evolution.

  • Personal Development

    Identify and develop your talents, realise your full potential to become a coveted professional and a well-rounded individual.

  • Strategy and Change Leadership

    Develop agile finance leadership skills to drive strategic change and successfully manage high performance teams while fostering healthy workplace culture.

  • Trust, Ethics and Resilience

    Recognised as amongst the top-most desired traits of a high-performance leader, learn how to practice and ultimately weave these qualities in your team’s cultural fabric.

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LEAD THE FUTURE OF THE ACCOUNTING PROFESSION