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First-time AICPA Council attendee Ed Jenkins Jr., CPA, gets a glimpse of the future, and it has a profound effect.
By Edward R. Jenkins Jr., CPA
My friend Jerry Maginnis asked me to consider serving on AICPA Council. I figured it would be easy and stress free. After the meeting this week in San Antonio, Texas, all I can say is, “Jerry, I am so going to get even with you.”
My head hurts. The theme of the Oct. 22-24, 2017, meeting was “Accounting in Extraordinary Times,” and there was a lot to take in.
We had the wonderful Kimberly Ellison-Taylor, chair of AICPA, welcome us and run the program. What a privilege it is to work with such a talented pro! I listened intently to futurist Calum Chace, author of the book “The Economic Singularity: Artificial Intelligence and the Death of Capitalism,” as he explained just what the “Fourth Industrial Revolution” is and what the exponential rate of technological change means to our society. Barry Melancon, AICPA’s CEO, went on to describe some of the implications of these changes on our industry. He used as an example the driverless electric car:
That should give you an idea of where we were headed. And the implications of expanding technology ripples across all industries, including ours. It scared the heck out of me!
Melancon went on to explain how the AICPA is focused on what the profession needs to look like to survive and thrive in a time of automation and artificial intelligence. I am thankful that someone is watching out for us. More importantly, Melancon made me think about what my students and PICPA members need to learn in order to survive and thrive going forward. Here are some imperatives that came across to me:
AICPA Council also had the honor of hearing from John O’Leary. O’Leary recounted how suffering burns over 100 percent of his 9-year-old body led him to live a life inspired. O’Leary went on to explain how Jack Buck, the St. Louis Cardinals Hall of Famer, touched O’Leary’s life and inspired him to live on after his injury. He recounted how Buck would end each day by journaling, and asking the question, “What more can I do for this 9-year-old kid?” We all struggled not to cry when O’Leary went on to play the piano with his injured hands.
One of the big takeaways was how valuable our relationships are, how one person can touch the life of another and provide life-changing inspiration. Our relationships are important now, and will be crucial in the upcoming “extraordinary times.”
I got to spend some time getting to better know my colleagues in the PICPA delegation, and I came away thoroughly impressed. I came back from San Antonio very grateful for the opportunity to represent the PICPA at AICPA Council. I learned a lot, and I now want to alter my verdict: “I hope I can get even with you, Jerry.” Because I owe one. Thanks!
Edward R. Jenkins Jr., CPA, is an instructor of accounting at Pennsylvania State University in University Park, Pa., a tax consultant for Boyer & Ritter in State College, and newly elected member of AICPA Council for a three-year term. He can be reached at erj2@psu.edu.