Emerging technologies

TOPICS / TECHNOLOGY

July 15, 2021

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.

June 24, 2021

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.

June 8, 2021

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.

May 25, 2021

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.

May 5, 2021

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.

April 29, 2021

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.

April 15, 2021

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.

April 13, 2021

How one accounting program introduces students to RPA

A professor explains how and why to incorporate the technology into the curriculum.

March 9, 2021

Get started with robotic process automation

Experts offer their advice on teaching this emerging technology.

October 8, 2020

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.

August 31, 2020

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.

August 4, 2020

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.

July 1, 2020

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.

June 29, 2020

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.

February 3, 2020

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.

February 1, 2020