2) In the next year companies are likely to begin preparing for the early use of IFRS. "The early adopters would be part of an SEC proposal to track progress on a series of milestones and decide in 2011 whether to mandate the use of IFRS by U.S. public companies beginning in 2014" (Nilsen). Some of the standards are very different than GAAP, and implementing them will requiring education of any CPA dealing with multi-national companies.
3) Succession issues also exist. The accountability in auditing depends on the supervision of an experienced CPA. Since many young CPA's work for a few years and then go to other industries, there will be issues about who will replace the working partners in a firm. Geographical issues may arise too because CPA's licenses are not valid across state lines.
4) There are still many ethnic groups that are underrepresented in the accounting field, which the AICPA would like to change.
Auditing in the 21st century is very different than the one prior.