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Technology Trends & Hot Topics Impacting the Accounting Profession

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4.00 Credits

Member Price $199.00

Non-Member Price $245.00

Overview

The benefits and related risks of utilizing new technology have never been greater for those in the accounting profession. From artificial intelligence (AI), robotic process automation (RPA) and audit data analytics (ADA) to cloud-based software solutions and generative AI platforms like ChatGPT, the business technology landscape is evolving at an unprecedented pace. Accordingly, accounting professionals must proactively adapt to these changes, with a strong grasp of both the benefits and the risks associated with these tools.

In this course, we’ll explore key trends, including the practical applications of generative AI tools like ChatGPT, and focus on cybersecurity risks and best practices that will allow accounting professionals to help our clients navigate these exciting but challenging times. In addition, we’ll review the relevant guidance on audit evidence found in SAS 142, which guides the use of technology on our professional engagements.

Highlights

Data-driven decision-making processes.
Top technology trends and related risks, including cloud computing, AI, ChatGPT, RPA and blockchain applications.
Fraud statistics and cyber threats.
Common IT security risks and controls.
Requirements of SAS 142.
Use of analytical procedures on professional engagements.

Prerequisites

None

Designed For

CPAs in public practice with accounting, financial reporting or attest responsibilities.

Objectives

Identify the business drivers of companies today and the need for data-driven decision making.
Identify other current trends in information technology applications for clients and auditors.
Discuss SAS 142 and how it applies to audit methodologies using technology.
Explain how auditors are integrating audit data analytics into the audit process.

Preparation

None

Leader(s):

Leader Bios

Renee Rampulla, Founder, Rampulla Advisory Services, LLC

Renee Rampulla, CPA, CGMA, is the managing member and founder of Rampulla Advisory Services, LLC, with over 30 years of experience in accounting, auditing, and professional ethics. She is a national standard-setter serving on the American Institute of Certified Public Accountants (AICPA) Auditing Standards Board.

She is a frequently requested and nationally recognized speaker and a five-time recipient of the AICPA’s Outstanding Instructor Award, a recipient of the 2016 New Jersey Society of CPAs “Women of Note” and in November 2023 received the “Samuel A. Dyckman, Excellence in Education Award” from the National Conference of CPA Practitioners. Renee has taught over 1,100 continuing professional education (CPE) courses.

She is the author of several accounting and auditing publications and continuing professional education courses for the AICPA, various State Societies, and numerous other organizations. Renee writes and lectures on technical accounting, auditing, and professional ethical issues. She has experience in the auditing of public and privately held entities ranging from the manufacturing and service sectors to financial services.

Renee was a partner in a regional accounting firm in the northeast in charge of the firm’s accounting and auditing practice and their quality control group. By devoting several years of her career to both regional and Big Four accounting firms Renee accumulated a wealth of technical and practical knowledge. In addition, while working for the AICPA, she performed professional ethics investigations; collaborated closely with senior technical committees; presented technical guidance before standard setters; and authored and updated several AICPA publications.

In 2022 Renee completed a three-year term as a member of AICPA council and served on the AICPA’s Ethics Enforcement Committee. She has served as Vice President of Professional Issues for the New York State Society of CPAs (NYSSCPA), is a past member of the NYSSCPA Executive Committee and former NYSSCPA Director at Large board member. Renee Rampulla has also chaired the NYSSCPA’s Professional Ethics and Nominating Committees and is the Past President of the NYSSCPA’s Staten Island Chapter. She has served in several other leadership positions for the NYSSCPA and continues to serve on many NYSSCPA committees. Renee has also served in leadership roles with the New Jersey Society of CPA (NJCPA) such as Chair and Vice-chair of the NJCPA Accounting and Auditing Standards Interest Group; Co-Chair of the NJCPA Accounting Standards and IFRS sub-committees and as a member of the NJCPA Audit and Professional Conduct committees.

For several years Renee was an adjunct lecturer at Hunter College, a City University of New York City, teaching various undergraduate accounting, auditing, and research courses.

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Non-Member Price $245.00

Member Price $199.00