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As the accounting industry adapts to a new digital era, CPAs face increasing complexity and change within their professions. But what’s the CPA's role from an ethical perspective?
Laura and Brian Friedrich, principals at Friedrich and Friedrich Corp. and co-authors of the article “Ethical Leadership in an Era of Complexity and Digital Change,” weigh in on the broader responsibilities faced by accountants when engaging in big picture planning and institution-wide decision making.
On this episode of Foresight: The CPA Podcast, Laura and Brian field real-world examples as they dive into topics including automation, change management, the human aspect of transitions, AI, and skill sets that keep accountants central to the economy.
They believe that, as trained problem solvers, clients look to accountants for solutions. Laura challenges CPAs to broaden their role in conversations with company leadership while also cautioning accountants to admit when they don’t know the answer. “[There isn’t a] definitive answer in a lot of situations,” explains Laura, “we need to be much more comfortable making that statement.”
Disclaimer: The views and opinions expressed in this podcast are those of the guest and do not necessarily reflect those of CPA Canada.
AI is going to be like a colleague whom we refer to support our analyses, but also one we're going to challenge and question. (French only)
Financial statements are at the foundation of investment decisions. With a myriad of financial tools, alternative sources, and AI more readily available, are financial statements on their way to becoming relics of a bygone era?
In the last two decades, changes within the accounting profession have necessitated new skills and the adoption of new ideas and technologies. This trend of constant change will only accelerate in the future.
November 6, 2023
Join us this November for timely updates, cutting-edge information on new technology, and quality networking with other forensic accounting and valuation professionals.
November 13, 2023
Come and join hundreds of accounting and finance professionals who are committed to creating an inclusive and equal profession, just like you.
November 22, 2023
On November 21, the Deputy Prime Minister and Minister of Finance released the federal government’s 2023 Fall Economic Statement (FES), which contained some new tax announcements along with an update on previously announced tax measures.