In the accounting technology industry, machine learning systems are already working in the background.
Three of the profession’s top technology experts discuss the radical changes emerging technologies will bring to accounting — and accountants — over the next 1–5 years.
This article shows how Microsoft Power Query for Excel can streamline the ongoing delivery of additional data for analysis by PivotTables.
In the second part of the JofA’s annual technology roundtable, the panelists debate how artificial intelligence, blockchain, and other technologies might reshape accounting.
Artificial intelligence and blockchain are among the technologies being touted as potentially disruptive and transformational for the accounting profession. How and when will new technologies reshape the accounting profession?
Increased use of data analytics is helping auditors find more information that could be helpful to clients.
Follow these steps to start or grow data-based auditing practices.
Technological advancements have made acquiring data analytics skills an imperative for CPAs as they strive to provide value to their organizations and firms.
Using Big Data to inform business decisions can give organizations an edge over their competitors, IBM Vice President Paul Zikopoulos said at the AICPA spring Council meeting.
Timely use of data can help organizations improve decision-making. But the human element remains an important part in harnessing the power of data analytics.
Advances in data analytics allow financial statement auditors to get more in-depth information about their clients’ businesses. Technological advances have the potential to change the audit landscape considerably, but mechanization appears unlikely to reduce the need for skilled auditors.
Continuous monitoring and continuous auditing through data analytics provide internal audit with significant opportunities to provide added value to organizations. As these data-driven techniques grow in popularity, find out how the Hewlett-Packard Co. has used them to drive improvement.
Tips for using Office Delve for file management.
The use of analytics has been recognized as a crucial part of any decision-making process in businesses. The explosion in transactional and nontransactional data that organizations have access to has made the need for new tools and technologies vital for organizational success.
Rapid changes in technology are a reality of the current business environment. In addition to affecting how business is done, these changes present new challenges to auditors. The internet, cloud computing, and the pervasive use of mobile devices enable auditors to practice in a globally connected environment. Technology can be
Demand for the services of CPAs is likely to intensify in the coming years. But in attempting to meet that demand, CPAs and the businesses they serve appear destined to face challenges in recruiting and retaining talent. These were some of the developments in a forecast for the accounting profession
CPAs often have to produce recurring reports, such as quarterly balance sheets, from datasets, such as trial balances. The process can be tedious and prone to error, but an Excel technique called mapping can show the way to better results. Learn more in this Technology Workshop.
Cloud computing and increasingly powerful mobile devices are breaking down communication, data access, and market barriers for CPAs, but the breakthroughs also open the door to potential trouble. A panel of technology experts offers advice on how CPAs can make the most of technology while minimizing the risks.
Technology is changing the way audits are being performed, with greater access to data but also more data to sort through. Auditors can remain efficient and effective by employing applications designed to help automate some procedures.
Shared services are being applied to an increasing number of functions. Human resources, IT, and finance were some of the first areas where shared services commonly were implemented. Now sales operations, supply chain operations, and marketing are taking advantage of shared-services platforms.