As the structure and practice of the profession are becoming diversified and expanding its services, it presents a challenge to the shared values and ethos of the profession. Similarly, these shifts challenge the value of accounting degrees and the role of university education and professional training in equipping individuals for the future.
The changing nature of work and the structural complexities and responsiveness to different demands within practice could have an impact of the moral awareness and ethical behaviour of professionals. There is a danger that the move to global, service-oriented economy and disruptions of new technologies might dilute the value of professionalism and its focus and awareness to the broader aspect of public interest and public good. Therefore, technical knowledge must be augmented, contextualised and problematised.
AuditFutures proactively seeks to envision opportunities and expectations of the future professional. Some of the guiding questions that we have here identified, over the past several years, inform our foresight research into the role of education in guiding the future professional:
What should be the competencies and qualities of the future professional?
What is the relevancy of the projected automation to the current structures in accounting practice and future education?
How do we attract and motivate young people to the profession? How can we develop conditions, which foster the right set of values, skills and characteristics in individuals?
What are the key critical competencies needed in the diversification and expansion of future firms and businesses?
What should be the role of education in an increasingly service-oriented world?
Is education engaging individuals to develop a deeper interest and understanding in the role of accountancy in its growing global role?