Developments over the course of the year pointed toward a radical change in the direction of the traditional audit service, driven by broad technology trends in general, and spearheaded by the American Institute of CPAs in particular.

In June, the institute launched its OnPoint PCR tool, aimed at improving prep, comp and review engagements, while over the year it raised upwards of $50 million from midsized accounting firms to fund the development of a transformational Dynamic Audit Solution. And throughout the year, president and CEO Barry Melancon (pictured) led the charge in proselytizing the new direction, and encouraging CPAs, accountants and auditors to disrupt themselves and get ahead of the coming changes.