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Reflecting on AI’s rise in accounting, looking to what comes next
A consultant and keynote speaker shares how AI, hybrid work, and uncertainty are reshaping the accounting profession. Ahead of his sessions at the Digital CPA Conference, Pascal Finette assesses the profession’s willingness to change.
AI, succession, the talent pipeline, and defining ‘unapologetic’ ambition
A profession leader and former AICPA chair shares what’s top of mind for corporate boards and looks ahead to topics of conferences in November and December. Listen to the podcast episode or read the Q&A with Kimberly Ellison-Taylor, CPA/CITP, CGMA.
New: Digital assets practice aid addresses auditing of lending, borrowing
A new chapter in Accounting for and Auditing of Digital Assets provides examples of substantive procedures and scenarios for both the lender and borrower perspectives.
A&A Focus recap: AICPA CEO, revenue recognition step 5, and quality management
The May webcast featured AICPA CEO Mark Koziel providing his view of the A&A landscape, a deep dive into step 5 of the five-step revenue recognition process outlined in FASB ASC Topic 606, as well as more discussion of quality management.
A&A Focus recap: Rev rec, AICPA standard setting update, and stablecoins
The March A&A Focus webcast featured a deep dive into step 4 of the five-step revenue recognition process outlined in FASB ASC Topic 606, as well as news on new auditing standards exposure drafts.
Explaining stablecoin risks and the need for reporting criteria
An expert on digital assets explains stablecoins and why they’re a focus of several AICPA committees. Listen to the podcast episode or read the Q&A.
Frozen digital asset rewards constitute gross income
Digital asset rewards from staking and other activities constitute income in the year of receipt, irrespective of whether the account is later frozen, the IRS Chief Counsel’s office determined.
Association’s new CEO: ‘I want to hear from members’
Calling member feedback “really important,” Mark Koziel aims to build community within the AICPA and CIMA membership bodies.
A&A Focus recap: FASB and ASB chair recap and preview activities
The February webcast included one-on-one discussions with the chairs of the accounting and auditing standard setters.
3 things to know about AICPA & CIMA’s new CEO
Mark Koziel, CPA, CGMA, is 44 days into his stint as CEO. What does he foresee for the profession, and how does he want to improve communication with members? Find out in this conversation, the first of two parts. Listen to the episode or read the Q&A.
Update: Digital assets practice aid addresses new FASB standards
The AICPA resource features new guidance and terminology for financial statement preparers and auditors.
The data-driven audit: Technology and the future of auditing
Cathy Rowe, Senior Vice President and Segment Leader, U.S. Professional Market, Wolters Kluwer Tax & Accounting North America, discusses how data-driven insights combined with analysis and guidance can make audits more thorough and help firms make better decisions.
How auditors can demystify transformative technology
One tip from Institute of Internal Auditors CEO Anthony Pugliese on harnessing the power of emerging technology: You don’t have to know everything to start working with it.
Cryptoasset ‘staking’ challenge dismissed as moot after government’s concession
Sixth Circuit affirms district court’s holding that the taxpayer’s refusal to cash a refund check did not keep the controversy alive in his case.
A&A Focus recap: The ethics of using AI in an audit
The July installment of the monthly newscast series also featured a look at the recently released ACFE Report to the Nations, and the first in a series of conversations about revenue recognition and digital assets.
New crypto accounting rules may spur early adoption
The standard is so beneficial that cryptoasset holders may not want to wait until ASU 2023-08 officially takes effect.
AICPA updates practice aid for digital assets
The practice aid for accounting for and auditing of digital assets has new guidance on auditing the valuation of digital assets along with auditing procedures regarding their existence, rights, and obligations.
Tech roundtable: Power to the people tech
Our panel posits that artificial intelligence isn’t the only
technology trend making waves in accounting firms and
finance departments.
Tech roundtable: There’s more to AI than ChatGPT
Our panel provides perspective on the potential, perils, and place of GenAI in the wider context of artificial intelligence and automation.
JofA roundtable: Why 2024 is shaping up as a big year for ‘people tech’
There’s more to technology than artificial intelligence. Discover other tech topics CPAs need to know in the latest episode of the JofA podcast, featuring three of the top technology experts in the accounting profession. This is the second of two parts.
