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Learn about how blockchain technology may affect the audit and assurance profession, from its impact on the financial statement audit to opportunities that may arise in a blockchain-enabled world.
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Awareness and understanding of the potential impact of emerging technologies are critical to the success of Chartered Professional Accountants (CPAs) as business leaders and trusted advisors in today’s rapidly changing business environment.
Blockchain technology could bring new challenges and opportunities to the audit and assurance profession. While traditional audit and assurance services will remain important, the auditor's approach may change. Just as the audit and assurance profession is evolving today, with audit innovations in automation, artificial intelligence and data analytics, blockchain technology may also have a significant impact on the way auditors execute their engagements.
Blockchain Technology and its Potential Impact on the Audit Profession is intended to explore how financial statement auditing might evolve and consider opportunities for future roles for the CPA in the blockchain ecosystem. CPA Canada, the American Institute of CPAs (AICPA) and the University of Waterloo's Centre for Information Integrity and Information System Assurance (UW CISA) all encourage the audit and assurance profession to continue the discussions already begun regarding the impact of blockchain technology on the profession, and on auditing standards.
Canada’s accounting and auditing standards boards have a lot going on. Make sure you stay up to date on changes and get involved in standards development through the boards’ webinars and events.
November 26, 2019
Innovative improvements and emerging technologies are shaping the future of oil and gas. Find out how at this annual, industry-driven conference for CPAs and financial professionals who work in Canadian energy.
December 9, 2019
We’re living in an age of digital transformation – and companies need skilled leaders on boards and committees who are up to the challenge. Harness the opportunities that change can bring at this must-attend annual event.