When Inside Public Accounting asked me whether I’d choose the career path of a CPA again, I said ‘absolutely’—but not without some reflection. The profession’s road map to success may appear similar to what it was over 30 years ago when I started, but the journey has transformed dramatically. It’s hard to believe, but there once was a time when our profession was predominantly about attestations and audits, long before tax returns were a staple of our services.
The Evolution of the Profession
Over the years, our roles have expanded beyond traditional accounting. Today, we are not only accountants but also advisors, consultants, data analysts, and so much more. These changes haven’t come without challenges, yet the profession has not only endured but thrived, adapting to market conditions and seizing new opportunities.
However, it’s concerning to hear some seasoned professionals say they would not choose this path if given another chance. This sentiment may stem from facing similar challenges to those we encountered three decades ago—issues like the need for more diversity, more talent, and continual technological advancements. But that doesn’t mean we got it wrong back then; it just means we pivoted and got it right for what it meant at that time. The similarities in challenges reflect the cyclical nature of growth and the need for ongoing adaptation.
Changing Mindsets
The reluctance of some seasoned professionals can dampen the collective optimism that drives our profession forward. In college, we were taught the value of healthy skepticism, a quality essential for our work. Yet, there’s a fine line between healthy skepticism and cynicism.
It’s sometimes almost depressing talking to professionals who feel that the AICPA screwed up, the national pipeline is the problem, or the 150 hours is to blame, etc. Yet, we must ask ourselves what’s right about our profession, especially when it can offer substantial financial rewards and diverse career opportunities.
I feel that it is time we reframe our narrative. Focusing solely on the negatives obscures the immense opportunities available in our field—opportunities that continue to grow. We must champion an optimistic view of our profession.
But if we are going to reframe our story, it starts with us. While others can help tell our story, it’s the professionals in our profession who have the most impact and who need to have that optimistic mindset. Whether you’re a $3 million firm or a $300 million firm, we all need to look at—and share—the positives of public accounting.
Looking Forward with Optimism
As we look ahead, the call for an optimistic mindset is more relevant than ever. Our profession is not just surviving; it’s poised for innovation and growth. Whether you’re just starting out, contemplating a shift into accounting, or have decades of experience, remember that our collective attitude shapes the future. When advocating for our profession and looking to the future, we need to embrace a more positive outlook. This balance is crucial.
We are in a position to redefine the landscape of accounting, ensuring it remains as rewarding in the future as it has been in the past. Let’s move forward with a renewed commitment to positivity, embracing the changes and challenges as opportunities to learn, grow, and succeed. Together, we can ensure the accounting profession continues to be a dynamic and fulfilling field.