This is the way I currently see it. I'm open to reevaluating the situation.
The office of prophet has ceased.
Well everyone has free will. You can believe as you wish.
But Eph 4 does not seem to support that idea. In Eph 4 we are told that it continues until the 2nd coming.
The New testament speaks of the offices of apostle and prophet. Just as the office of apostle has ceased, the office of prophet has ceased.
The New testament speaks of the offices of teachers, pastors, prophets and Apostles. It does not say all these have "ceased".
But there is a case for Apostles "ceasing" made in Acts 1.
15 At this time Peter stood up among the brothers
and sisters (a group of about 120 people was there together), and said, ....21 Therefore it is necessary that
of the men who have accompanied us all the time that the Lord Jesus went in and out among us— 22 beginning with the baptism of John until the day that He was taken up from us—
one of these must become a witness with us of His resurrection.” 23 So they put forward two men, Joseph called Barsabbas (who was also called Justus), and Matthias. 24 And they prayed and said, “You, Lord, who know the hearts of all
people, show which one of these two You have chosen 25
to occupy this ministry and apostleship from which Judas turned aside to go to his own place.” 26 And they drew lots for them, and the lot fell to Matthias; and he was added to the eleven apostles.
So then not very many people could be qualified as "Apostle" by that criteria. By contrast that is not at all the Criteria that the Bible uses for prophets - so then the Bible calls Anna in the Temple a prophet, it calls Agabus a prophet and Paul says everyone in 1 Cor 14 had the gift of prophecy which could only have happened after Christ went to heaven since there were no Christian evangelists in Corinth before that.
But that is just the Bible as some might say - so they may not agree with me on that point.
The gift of prophecy spoken of in 1 Corinthians 12 is something different from the office of prophet.
Not according to scripture (Note 1 Cor 14 follows after 12 and 12 specifically puts it as an office like pastor and Apostle - as does Eph 4.) - but as I said you have free will and can believe as you wish.
Kind of a follow-up question:
Is there a scripture passage that speaks of the gift of prophecy as being an identifying mark of the remnant Church?
Rev 12:
17 So the dragon was enraged with the woman, and went off to make war with
the rest (the remnant) of her children, who
keep the commandments of God and hold to
the testimony of Jesus.
Rev 19
10 Then I fell at his feet to worship him. But he *said to me, “Do not do that;
I am a fellow servant of yours and your brothers
and sisters who hold the testimony of Jesus; worship God! For the
testimony of Jesus is the spirit of prophecy.”
Rev 22
9 And he *said to me, “Do not do that;
I am a fellow servant of yours and of
your brothers the prophets, and of those who keep the words of this book. Worship God!”