Technology Trends and Hot Topics Impacting the Accounting Profession
Live Virtual Seminar
4.00 Credits
Member Price $210.00
Price will increase by $50 on 6/4
Non-Member Price $270.00
Price will increase by $50 on 6/4
Overview
The benefits and related risks of utilizing new technology have never been greater for those in the accounting profession. From Artificial Intelligence (AI), Robotic Process Automation (RPA), and Audit Data Analytics (ADA) to cloud-based software solutions and generative AI platforms like ChatGPT, the business technology landscape is evolving at an unprecedented pace. Accordingly, accounting professionals must proactively adapt to these changes, with a strong grasp of both the benefits and the risks associated with these tools.
This course explores key trends, including the practical applications of generative AI tools like ChatGPT, and focus on cybersecurity risks and best practices that will allow accounting professionals to help clients navigate these exciting but challenging times. In addition, review the relevant guidance on audit evidence found in SAS 142, which guides the use of technology in professional engagements.
Highlights
- Data-driven decision-making processes
- Top technology trends and related risks, including cloud computing, AI, ChatGPT, RPA, and blockchain applications
- Fraud statistics and cyber threats
- Common IT security risks and controls
- Requirements of SAS 142
- Use of analytical procedures on professional engagements
Prerequisites
None
Designed For
CPAs in public practice with accounting, financial reporting, or attest responsibilities
Objectives
- Identify the business drivers of companies today and the need for data-driven decision making
- Identify other current trends in information technology applications for clients and auditors
- Discuss SAS 142 and how it applies to audit methodologies using technology
- Explain how auditors are integrating audit data analytics into the audit process
Leader(s):
Leader Bios
Thomas Newell
Thomas (Tom) is a shareholder in the firm of Newell & Newell, P.C. located in Columbus, GA. Tom graduated cum laude from Georgia Southwestern College in Americus, GA in 1980. Tom started the firm with his wife Silvia Newell, CPA in 1986, prior to that his public accounting experience included both local firms and international firms. Tom is an active peer reviewer having performed over 200 reviews and has been involved with the peer review program since 1989. Tom served on the Georgia Society peer review committees from 1989 to 1993, in 1993 Tom was selected to be one of the technical reviewers for the Georgia Society and served as a technical reviewer for the Georgia Society for 9 years. Tom has also served several years on the accounting and auditing committee at the Georgia Society. Tom has been a frequent speaker for the Georgia Society of CPAs at the Southeastern Accounting Show, Tax Forum (A&A topics) and the Accounting Institute among other conferences. Tom is also a discussion leader for various continuing education courses on A&A topics for state CPA societies.
Non-Member Price $270.00
Member Price $210.00