Overview
This session, led by Eric Cohen, Owner of Cohen Computer Consulting and co-founder of XBRL, will explore the transformative impact of emerging technologies on accounting practices and auditing processes. The focus will be on how AI, automation, and blockchain technologies are reshaping financial reporting and audit workflows. Participants will gain insights into practical applications, challenges, and regulatory implications of these innovations, helping them stay ahead in a rapidly evolving profession. The session will also provide real-world examples of how these technologies are being integrated into accounting firms and departments to improve efficiency, accuracy, and compliance.
Major Topics:
- Overview of AI applications in accounting and auditing
- The role of automation in streamlining audit processes
- Blockchain technology and its influence on financial reporting
- Challenges and opportunities associated with adopting these technologies
- Future trends in accounting technology
Learning Objectives
- Understand the fundamental concepts of AI, automation, and blockchain in the context of accounting and auditing
- Explore the practical applications and benefits of these technologies for improving audit processes and financial reporting
- Identify the key challenges, risks, and ethical considerations related to integrating emerging technologies into accounting practices
- Discuss future trends and regulatory considerations surrounding technology adoption in accounting
Designed for:
Accounting practitioners, auditors, and financial professionals who are interested in understanding how AI, automation, and blockchain are influencing the future of accounting and auditing. This session is ideal for CPAs and financial professionals involv
Prerequisite:
None
Advanced Preparation:
None