Digital Financial Reporting

This video, Internet Knowledge, featuring James Burke, is very appropriate given what is going on today.

A fundamental premise that I seem to see is the following:  In any decision, you are constrained by your knowledge at the time you make that decision (e.g. thinking inside the box).  The problem is that the view from "inside the box" does not necessarily always play out.

According to Burke, the pace of change is not even in first gear yet.  From the perspective of "inside the box" it looks like the pace of change is rapid. But change is just getting started. We are in a period of transformational confusion.

Burke points out, "If institutions stand too long in the jungle; something will eat you." This will apply to the institution of accountancy.