
Major Topics
- AI and advanced software innovations with tailored solutions for service lines like tax, audit, advisory, and niche industries
- Next-gen automation tools, including the role of machine learning, RPA, and advanced analytics in streamlining operations
- Optimal technology stacks to enhance firm productivity, efficiency, and profitability
- Cybersecurity advancements. Proactive approaches to safeguarding client and firm data
- Emerging trends like changes in client expectations, supplier strategies, and competitive dynamics
Learning Objectives
- Understand supplier and market changes impacting the profession
- Compare and assess software solutions for various service lines and specialties
- Explore emerging technologies that enhance efficiency and deliver competitive advantages
- Select the most suitable technology stack for your firm’s long-term success
Description
In a rapidly evolving public practice accounting landscape, K2’s CPA Firm Update continues to be your essential guide to staying ahead. This session provides actionable insights into transformative technologies and management strategies reshaping the profession. With a focus on data analytics, cybersecurity, practice management, and client service excellence, this year’s update delves into how firms can thrive amidst change. Key technologies covered include AI-powered auditing, blockchain applications for financial processes, advancements in cloud computing, robotic process automation (RPA), and workflow optimization tools. Gain clarity on significant trends and how they affect your firm’s strategy, enabling you to make well-informed decisions for sustainable growth.
Compliance Information
Overview
In a rapidly evolving public practice accounting landscape, K2’s CPA Firm Update continues to be your essential guide to staying ahead. This session provides actionable insights into transformative technologies and management strategies reshaping the profession. With a focus on data analytics, cybersecurity, practice management, and client service excellence, this year’s update delves into how firms can thrive amidst change. Key technologies covered include AI-powered auditing, blockchain applications for financial processes, advancements in cloud computing, robotic process automation (RPA), and workflow optimization tools. Gain clarity on significant trends and how they affect your firm’s strategy, enabling you to make well-informed decisions for sustainable growth.
Course Details
- Key fraud risks impacting businesses today
- How to create, implement, and assess technology-based internal controls to reduce the probability of becoming a fraud victim
- Examples of fraud and the monetary impact on victims
- Define information technology general controls and information technology application controls and distinguish between the two
- List examples of critical information technology controls
- List recommendations for improving internal controls in an organization
- Recognize control failures and weaknesses that can lead to fraud
Intended Audience —
Advanced Preparation — None
Field of Study — Auditing
Credits — 4 Credits
IRS Program Number –
Published Date – November 2, 2022
Revision Date –