6 lessons from audit experts who adopted AI early
Machine learning is within reach for many audit firms.
Emerging technologies
Career advice and RPA tips from CPA leaders
One CPA leader shares more on being a lifelong learner and the advice she gives to up-and-coming accountants; another leader explains some of the opportunities that firms have to automate certain processes and begin to offer more advisory services.
AI in manufacturing: Optimizing costs and enabling the workforce
Manufacturing leaders can use artificial intelligence to improve efficiency and drive growth. But taking full advantage of the technology requires upskilling the workforce.
A take on cryptoasset transactions, investments, and risk
CFOs need to gain perspective on how to handle the accounting, tax, internal control, and risk management challenges of cryptoasset transactions.
Ask the expert: What is an API?
Calvin Leong helps firms understand what APIs are available at Thomson Reuters and how to use them.
NFTs come with big valuation challenges
Nonfungible token sales have commanded eye-popping prices in the past year, leaving CPAs with many questions related to valuation of these digital assets.
Tax consequences of nonfungible tokens (NFTs)
These new blockchain-created digital assets may be treated as intangibles for tax purposes, but a dearth of guidance leaves questions.
6 ways to include more technology in the accounting curriculum
Here are some ways accounting departments and faculty can integrate technology throughout the curriculum to better prepare graduates to meet the needs of the profession.
AICPA & CIMA issue new nonauthoritative guidance for auditing digital assets
AICPA & CIMA released additional nonauthoritative guidance addressing issues related to the auditing of digital assets such as bitcoin and ether. The material covers topics such as risk assessment; processes and controls; laws and regulations; and related parties.
AI presents opportunities for cost optimization in manufacturing
Artificial intelligence and machine learning can drive more efficient operations and more effective growth for manufacturers. Here’s how the technology is being used to monitor for defects, schedule preventive maintenance and improve forecasting accuracy.
A new risk matrix for blockchain implementation
A new joint publication from AICPA & CIMA and ISACA provides a risk matrix that identifies risk in five key domains — governance, infrastructure, data, key management and smart contracts.
How nonfungible tokens work and where they get their value
A cryptocurrency expert explains the basics of NFTs and the business and buzz behind them.
How one accounting program introduces students to RPA
A professor explains how and why to incorporate the technology into the curriculum.
Get started with robotic process automation
Experts offer their advice on teaching this emerging technology.
Fair value, stablecoins addressed in new AICPA guidance
Nonauthoritative set of 13 Q&As also touches on how investment companies and broker-dealers should account for digital assets.
Blockchain not seen transforming accounting processes — yet
Blockchain is often misunderstood. For instance, there is not one blockchain but many. Similarly, there are many opinions about how blockchain will affect the practice of accounting. Participants in the our annual technology roundtable add their voices to the debate.
Evaluating blockchain and internal control through a COSO lens
Although blockchain technology creates new risks, organizations also can use it to improve risk management and create better controls.
Technology lessons from the pandemic — and beyond
The upheaval of the coronavirus crisis caused the accounting profession to turn to technology like never before. Our technology roundtable discusses what was learned — and what the future holds.
5 ways accountants can track cryptocurrency
This article discusses how accountants can spot the telltale sings that increasingly mainstream virtual currencies are being used to squirrel away illicit funds.
Where accounting really stands with blockchain
Erik Asgeirsson, president and CEO of CPA.com, and Ron Quaranta, founder and chairman of the Wall Street Blockchain Alliance, examine tax and accounting issues related to cryptoassets and explore assurance opportunities blockchain is creating for accountants.
