Attestation Update – A&A for CPAs

Technical stuff for CPAs providing attestation services

I get the concept of radical changes in our near future. I am blind to see how it will affect my firm. (Radical change #1)

with one comment

We are in the midst of radical change. I’m writing this blog (Outrun Change) to sort out the change around us. (cross-posted from Outrun Change, obviously.)

I get it in terms of tech change obliterating newspaper want ads, count of first class mail pieces for the Post Office, and devastation to bookstores (remember Borders?).

I totally get the concept that you can be your own book publisher with a cost of under $200 per title if you have the skill to use Adobe Acrobat along with Microsoft Excel and Word. Major publishers are dinosaurs.

Run your own digital publishing company? Been there. Done that. Three times. And publishing the Nook version is literally one extra click, one click, in the on-line production cycle.

I get that. It’s a lot of fun too.

The challenge is I don’t see how my narrow, specific niche is vulnerable to those radical disruptive forces. I just don’t see how a small audit firm will get overwhelmed.

With my limited vision, it sure seems to me that the world of small and medium-sized audit firms will be able to incrementally absorb the change that I can foresee.

But I also realize I have a problem.

I know I’m wrong about being able to slowly adapt to change.

I have a blind spot. Something is missing.

The next several posts will focus on the radical change taking place around us. We’ll look at my blind spot and even try to see through it.

Part 2 – digital currencies are the massive change in the future of banking and credit cards.

Written by Jim Ulvog

January 26, 2015, 10:55 am at 10:55 am

One Response

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  1. […] is radical change all around us and more on the way. I know that. My blind spot is figuring out how that will affect my audit […]

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