5 Steps to Being an Anticipatory Accountant

Tom Hood | February 22, 2017 |

“Technology and the pace of change has outpaced humans’ ability to adapt” says Tom Hood, Chief Executive of the Maryland Association of CPAs and the Business Learning Institute. Mr. Hood recently discussed how the technological revolution impacts businesses and firms of all sizes worldwide during a presentation at the IFAC Small and Medium Practices Committee meeting in New York. He highlighted five key steps for practices to be future-ready:

  • initiate change;
  • go digital;
  • elevate skills;
  • protect the core; and
  • enjoy the ride.

In a period of rapid change, such as the one we are all living in, those who are aware, predictive, and adaptive will lead the charge for success in the firms of tomorrow, and enjoy the ride.

Tom Hood

Executive Director & CEO, Maryland Institute of CPAs

Tom Hood is the Executive Director and CEO of the Maryland Institute of CPAs. Tom was named the second most influential leader in the CPA Profession in Accounting Today’s 2013 list of the Top 100 Most Influential People in Accounting. Tom's recognition and awards reflect his leadership in helping CPAs “shape their future” through his work at the Maryland Association of CPAs and the Business Learning Institute, a center for the development of leadership, strategic thinking, and collaboration skills for CPAs. Tom and his team have facilitated and taught the Major Firms Group (Top 100 CPA firms) for the AICPA, the AICPA Leadership Academy and lead strategic planning sessions for the top CPA firms all over the US, along with corporations and non-profits. See more by Tom Hood

Join the Conversation

To leave a comment below, login or register with IFAC.org

Thank you for your interest in our publications. These valuable works are the product of substantial time, effort and resources, which you acknowledge by accepting the following terms of use. You may not reproduce, store, transmit in any form or by any means, with the exception of non-commercial use (e.g., professional and personal reference and research work), translate, modify or create derivative works or adaptations based on such publications, or any part thereof, without the prior written permission of IFAC.

Our reproduction and translation policies, as well as our online permission request and inquiry system, are accessible on the Permissions Information web page.

For additional information, please read our website Terms of Use. ALL RIGHTS RESERVED.