Technology Update (E1901289)

Technology Update for the Profession and How to Monetize Advisory Service Offerings for Your Firm
Jim Bourke, CPA, CITP, CFF, CGMA - WithumSmith+Brown

In this 4 credit CPE session, Jim Bourke will discuss a number of hottest technology trends and issues in the profession and actively get the attendees involved in the session.

To keep competitive, today’s CPA professionals need to be in a position to react instantaneously to client needs and concerns. Technology plays a huge role in meeting client expectations on a timely basis.

Jim will discuss a range of technologies from tax, including scan and populate, digital signatures, return collaboration with clients, to practice management to outsourced client accounting to the pro’s and con’s of doing business in the cloud from private to vendor to public cloud platforms. He’ll also spend a significant amount of time focusing on security and privacy best practices and share some cyber-tips in data and password protection to help make your practice and your clients’ a little “more” secure.

Jim will also spend time discussing the importance of offering advisory services to the mix of firm services, outside of attest and tax. Jim will discuss those advisory services that make the most sense in a CPA firm environment with a focus on cybersecurity advisory and attest services.

When it comes to CyberSecurity, in recognition of the needs of management and boards of directors of diverse organizations, and for the benefit of the public interest, the American Institute of CPAs (AICPA) has developed a cybersecurity risk management reporting framework. Using it, organizations can communicate pertinent information regarding their cybersecurity risk-management efforts and educate stakeholders about the systems, processes and controls they have in place to detect, prevent and respond to breaches. The reporting framework also enables a CPA to examine and report on the management-prepared cybersecurity information, thereby increasing the confidence that stakeholders may place on an organization’s initiatives.

Jim will share the logic and reasons behind this new service offering and will also share links to content including a sample report and detailed information on how your firm can monetize this new revenue stream.

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