The future success of the profession relies a great deal upon public perception of the CPA's abilities and roles. CPAs must become market-driven and not dependent upon regulations to keep themselves in business. The market demands less auditing and accounting and more value-added consulting services.
Specialization is critical for the future survival of the CPA profession.
The marketplace demands that CPAs be conversant in global business practices and strategies. The handwriting is on the wall, but with change comes tremendous opportunities. You'll have enhanced public perception by virtue of your increased abilities. You'll be responding to market demand that the Y2K problem is a hot topic. Y2K consulting is definitely a value-added consultation service.