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This episode addresses how and why CPA licensure requirements might evolve as a result of the technological revolution that’s transforming the accounting profession. The episode’s guest is Carl Mayes, the associate director for CPA Quality and Evolution at the AICPA.

The coming of summer means longer, lazier days filled with outdoor fun. But once we’ve packed away the thick wool and sleek leather jackets that defined our winter existence, we’re often faced with an unpleasant truth: months of indoor living have left us feeling unprepared for outdoor activities like beach volleyball and surfing. And many times, a long winter may have left your firm a little out of shape, too.

Technological innovation is changing the services CPAs provide and how they provide them. As the knowledge and skills CPAs need evolve, NASBA and the AICPA are exploring if CPA licensure should evolve too.

The FAF issued its 2018 Annual Report, “Standards That Work: Rising to Meet the Future.” It provides a glimpse of how the FASB and the GASB develop standards that work today and for the future—and how the FAF supports that process. For the FASB and the GASB, it includes robust research, implementation support, and an eye toward technical innovation. For the FAF, it includes appointing the right people to the Boards and implementing the right systems to support successful standard setting.

The AACSB is working with the AICPA and other influential accounting organizations to increase CPA practitioner engagement in the accreditation process. Increasing accounting practitioner engagement in the accreditation process will add value for the university accounting program seeking accreditation/reaffirmation and ultimately for the profession.

2019 is in full swing and it’s safe to say what the buzzwords of the year will be: innovation, disruption, AI and blockchain. Newsfeeds are abounding about how these technologies will automate the accountant’s role and their potential impact on the profession as a whole.

The average professional spends 28% of the work day reading and answering email. For the average full-time worker in America, that amounts to a staggering 2.6 hours spent and 120 messages received per day.

Finance professionals aren't adapting quickly enough to new technologies such as artificial intelligence and automation and must do so over the next three years, according to a new report from the Chartered Institute of Management Accountants.

Technology is driving the need for accounting and finance professionals to shift their focus from cost compliance to value creation. A new CGMA report reveals practitioners aren’t evolving their digital skills fast enough and provides them a roadmap to navigate this new terrain.