Part 2 of 3 of CPA Alberta’s Labour Market Study findings
In collaboration with CPA Saskatchewan and CPA Manitoba, CPA Alberta’s Labour Market Study sought to gather qualitative information from respondents on the key trends impacting the CPA profession today and into the future. The findings present critical information relating to the perceived supply and demand gaps across the geographies, industries, and seniority levels of current CPA members.
According to the report, the CPA designation continues to be highly valued in the rapidly evolving business world. This is thanks to CPAs having an unparalleled depth of knowledge in accounting, strong ethical mindsets, and professional commitments to protect the public and act in the public interest across the board. CPAs’ skills and competencies allow them to succeed and lead in many professional roles, and people and organizations trust CPAs.
But evolving with the times is imperative. Data governance, artificial intelligence, machine learning, and other innovative sectors will create new areas of opportunity where professional accountants can excel. As such, the profession is already looking ahead: the accounting profession is transforming to meet and exceed the expectations of this new working world.
Accounting may not always look the same, but the right strategic insight and leaderships skills will always be valuable, and as businesses move towards outsourcing more administrative-focused tasks, the modern accountant will assume roles that add more value. This will result in multi-faceted careers that will allow for continued growth. Since employers are looking to CPAs to have a broader skillset and take on non-traditional responsibilities, recruiters and post-secondary institution career advisors concur that employers have a key role to play in teaching these changes to staff through on-the-job training and professional development.
The future of the profession is valuable: CPAs will continue to be the trusted advisors within their organizations, where they are able to provide proactive insights and support decision making.
Read more on the Labour Market Study here.
