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Professional accountants play a key role in helping organizations navigate technological changes in an ethical manner. To do so, they must understand how to respect technology’s double-edged sword—actively pursuing opportunities while safeguarding against challenges.
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The inevitable is upon us—change. In particular, the information technology revolution, which is a key driver of complexity faced by CPAs. CPAs must learn to navigate through the opportunities and challenges brought forth by this revolution while paying close attention to the world’s new golden commodity, data.
Data is the lifeblood of data analytics systems that offer insights and information impacting every part of society. Advanced data analytics and AI now make it possible to understand and influence consumer behaviour like never before, making the need for ethical leadership very important.
As CPAs grow to balance the double-edged sword that is technology, a crucial uptake will be that many of their current skills and knowledge in managing financial systems and controls and setting standards and auditing can be upskilled to accommodate a progressively digitized world.
Read this publication to learn how CPAs can leverage digital transformation by employing a broader skillset that will help them flourish in their organizations.
You may also be interested in the other three papers from the series:
The accountancy profession is evolving to address changing stakeholder needs while continuing to meet public interest responsibilities. Get practical guidance on ethical decision-making as a professional accountant, professional accountancy organization, educator or employer.
Fake news. Misinformation. Bias. These unfortunate realities create opportunities and challenges for accountants responsible for providing reliable and trustworthy information to their clients.
In our data-driven and AI-enabled world, CPAs need to explore new ways to bring value to their organizations. The paradigm shift towards competence points towards technological literacy and highly-tuned human skills.
This event has multiple dates and locations. See event details for more information.
Tune into this two-part webinar to learn about the rapidly evolving sustainability landscape. Hear about recent developments in sustainability reporting and assurance standards and regulatory requirements, and the implications and opportunities for CPAs.
October 17, 2023
If you work for a public sector body in accounting, finance or leadership, this is the event for you. Learn how to successfully navigate the unique challenges facing every level of government.
October 23, 2023
Learn about critical policy issues, legislation updates and other technical trends at Canada’s largest and longest-running indirect tax event. For 2023, we are offering options for in-person and virtual attendance.