1. FAST FORWARD Building the Profession of Tomorrow Report on Council’s Feedback on Strategic Implications for the Profession Tommye Barie, CPA Vice Chair of the Board Spring Council | May 18-20, 2014

2. Economic & global impact  Risks Too USA focused; business & profession needs to be global Smaller firms challenged to compete globally Keeping up with pace of change  Opportunities New services, specialties, clients Positioning CPA & CGMA as premier global designations Effect of tech on compliance  Challenges Commoditization and outsourcing of lower end work Rising security/privacy concerns Staying current and relevant  Opportunities Focus on higher-value services Support clients/employers with data and analytics Faster delivery of client services

3. Future of Learning takeaways  Change in learning is inevitable  Rise of competency-based models  Technology enables more effective and efficient learning  Time-tested methods will remain  Challenges Transitioning to a new model Defining and measuring competencies & behaviors Gaining buy-in from regulators Key trends to watch  Globalization – supporting clients and employers  Regulatory overload and uncertainty  Talent Multiple generations in the workplace Appealing to younger CPAs Diversifying profession Retention and development

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5. 2014 AICPA Spring Council Scottsdale, Arizona May 18-20, 2014