Explore some of the latest digital advances that have the potential to boost efficiency, decrease errors, safeguard integrity and generate new insights on accounting and tax work. Join us to discuss accounting transformations, including processes, software, trends and more.
DESIGNED FOR
CPAs and financial professionals who want to utilize new technology to impact their practice.
HIGHLIGHTS
Session I
Blockchain and Crypto Update
Mark W. Eckerle, CPA – WithumSmith+Brown
Dr. Sean D. Stein Smith CPA, CFE, CGMA, CMA – Lehman College
Explore emerging topics and trends in the blockchain and crypto-asset space, including:
- The continuing shift from permissionless to permissioned blockchains
- The growing interest in stablecoins and other stabilized crypto-assets
- The potential rise of CBDCs, from an informational point of view as well as key issues for practitioners
- What to tell clients in the face of a lack of accounting guidance
Session II
Not Quite a Revolution, a Consistent Evolution
Karolis Matulis, CPA, CVA - WilkinGuttenplan
Drastic evolutionary developments in tax preparation technology are seemingly rare, but the software programs are generally sufficient for quick and accurate returns. However, emerging technological developments are focused on the peripheral processes and the way humans interact with core technologies. This session will discuss:
- Changes in the way CPAs obtain information from clients, transform the information for input and deliver the output to clients
- The functionality that currently is — and is not — available from off-the-shelf tax software
- How CPAs can fill the gaps by creating their own automation tools
Session III
Driving Business Value Using Robotic Process Automation (RPA)
Gregory Fritsky - EisnerAmper LLP
Emerging technologies offer a wealth of opportunities for accounting professionals to rethink and reshape the way they perform day-to-day activities. This discussion will focus on how new technologies such as RPA are being deployed in various industries and how they can be used to automate business processes, enhance controls and produce better outcomes. Learn how to:
- Identify and understand emerging technologies driving digital transformation including key products and solutions
- Recognize how these technologies are transforming and improving business processes in various industries and functions
- Explain and evangelize this technology to others to begin a digital transformation journey
Session IV
Using Modern Data Analytics Tools for Better Insights
Jesse M. Herschbein, CGMA, CPA – Prager Metis CPAs LLC
Using data analytics tools can help make engagements more effective and more efficient. This session will explore different ways to produce more accurate and insightful data and enable better decision making. Learn how to:
- Enhance assurance engagements by looking deeper into the data to identify risk areas and compliance with systems
- Improve understanding in advisory engagements by allowing new technology to give a better perspective on historical trends and current transactions
- Produce more accurate forecasts and projections with better normalization of activity
- Provide more comfort to CFOs and controllers by flagging unusual or unauthorized transactions
- Generate timely management reporting that is easier to read and allows for better decision making
COURSE LEVEL
Intermediate
PREREQUISITES
None
ADVANCE PREPARATION
None