April 1 marked the first wave of testing for the recently updated Uniform CPA Examination, which was developed by the AICPA after a multi-year analysis of the CPA profession and the work of newly-licensed CPAs. The updated Exam is significantly different compared to previous versions. The most prominent change is the greater focus on assessing a candidate’s ability to demonstrate their knowledge using critical thinking, analytical ability, and problem solving skills.
More and more business models are being born out of tech disruption, and are converging towards something that is more futuristic, value-based and intangible. In this climate — the value and knowledge economy — traditional measurements no longer apply.
Most controllers are expected to shape and execute strategic initiatives, an evolution of the finance role that mirrors that of the CFO. Yet, few companies clearly define a path for controllers to take on greater responsibility, according to a report by Deloitte.