A major theme in accounting technology these days involves speculation, trepidation, and even fear about artificial intelligence. It’s at once entertaining and disconcerting to imagine a science fiction-like rise of robots that will out-think us, or may eventually replace us.
In fact, most of us use AI in our daily lives. It helps simplify or expedite common tasks that require gathering, handling and communicating information. If you have used a phone menu that recognizes speech, have Amazon Alexa or another personal assistant, or used GPS based mapping to find the quickest route, you have experienced artificial intelligence.
“Okay team, starting Monday, we will be working on a new application and by the end of next week we will have phased out the old one. Good Luck!”
Does this sound familiar to you? Has your company lead Implementations of new software this way in the past? I think it would be safe to say that it turned out to be an utter disaster. You can’t throw something new at your team and expect that everyone will embrace it and just roll with it. Change is hard, in fact most people hate it, but it is necessary to grow. When you don’t follow a change management process you are setting your team up for failure.
Technology implementations are not easy and change management can seem impossible. To stay up to date on this ever-changing technology rollercoaster, your firm will have to make application changes...
As the holiday season gets into full swing, audit professionals can get a jump on the celebrations by attending Audit Talks – LIVE Fall 2019 (a virtual conference) on December 3rd and 4th. Coming on the heels of the first Audit Talks – LIVE, this complimentary 2-day online conference promises to educate as well as help audit professionals thrive and grow.
Bringing Together Industry Insiders and Product Experts
Learn from thought leaders from across the country, including:
The AICPA’s Chief Auditor, and its Associate Director of CPA Quality & Evolution
Top 100 firms like Marks Paneth LLP, along with other firms such as Watson Coon Ryan LLC, Matheney Stees & Associates PC, and more
Expensify adds CPE credits to accountant training and certification program
Accountants can now earn 2 CPE credits for passing Expensify’s free introductory training and certification course “Getting Started with Expensify” at university.expensify.com. The course is built for any accountant who wants to onboard and manage clients in Expensify. Beyond CPE credits, the course features refreshed content hosted on an enhanced learning platform!
In addition, any accountant worldwide who graduates from the University gets a free Expensify account, membership in the ExpensifyApproved Partner Program, and exclusive access to Expensify’s onboarding team for help with client setup.
Advances in artificial intelligence, machine learning, cognitive systems and data analytics are shaping the practice of audit. The pace of change is unprecedented, and for many, it’s not hard to envision an audit of the future that is wholly automated and untouched by human hands.
This vision is interesting to consider, but the problem with thinking in such big, broad strokes is that it overlooks how the audit is steadily evolving today. We don’t need to wait for the new technology of tomorrow to begin transforming the practice of audit. In reality, it is available today and can start moving you forward, bringing value and helping you accomplish the goals that people say the future of audit is all about.
Another Boomer Technology Circles Summit has come to an end. Firm management, technology and Lean Six Sigma leaders from around the country are returning to their firms, excited to share and implement their best takeaways from the conference. As always, we enjoyed following the #BTCSummit2019 hashtag on Twitter to see the moments that resonated with attendees. Here are a few of our favorites.
“Effective scheduling isn’t just about throwing more resources at the issue. Process is the foundation.”
Scheduling staff on engagements is an ongoing challenge for firms of all sizes. Lisa Reed, National Resource Manager for CBIZ’s Practice Management Office, shared her firm’s strategy for scheduling – also known as “resource management” – that has been successfully deployed across the firm in offices...
Artificial or augmented intelligence (AI) and machine learning (ML) have become hot topics in tech, business, and our everyday lives. In fact, a Google News search for the term “AI” returned 26.1 million results within the last 24 hours alone. That’s around 300 results per second!
But the truth is that the tech behind what we think of as AI (Siri, Alexa, or Google Home) isn’t as much AI as it is a voice chatbot or query engine. It’s easy to misunderstand what AI is, and in fact, people often mistake AI and ML for each other.
So what are AI and ML?
While the two terms are related, they’re not exactly interchangeable. AI is the idea that a computer or machine can think in the same manner we do, like visual perception, decision-making, voice recognition, and translating language. ML, on the othe...
Investing in learning opportunities is a necessity when it comes to increasing your knowledge and advancing your career. That investment involves time, money or both and is often accomplished through such things as training and conferences. Wolters Kluwer has an opportunity for your consideration happening on July 25th and 26th. Your investment, since this virtual conference is free, is short, 20 to 30 minutes of time. That should be easy to fit into your busy schedule. Keep reading to learn more about the conference and how to register.
The Sage Advice Podcast is dedicated to the possibility that entrepreneurs continue the work of creation. We celebrate them by allowing them to tell their stories and share their knowledge with others. In doing so we energize the success of businesses around the world through the imagination of our people and the power of technology.
Arianna Campbell is a Director at Boomer Consulting, Inc., where she helps accounting firms challenge the status quo by leading process improvement initiatives that result in increased profitability and client satisfaction. Adept at blending concepts from Lean Six Sigma and leadership development to drive innovation and continuous improvement, Arianna facilitat...
A lot of mornings, I wake up at 6:15, prompted by my 3‐year‐old to please (if I’m lucky) make him a glass of chocolate milk and some toast—but not until I turn on a cartoon. I clunk like a zombie down the stairs, pull up a DVR’d episode of the Ninja Turtles, and hope my boy doesn’t notice that I turn my attention to the coffee pot before the chocolate milk.
With breakfast served, I head back up the stairs to get dressed—often passing my wife like a ship in the night as she carries our 1‐year‐old downstairs to start their day.
I dress, hug the family, take a coffee to go, and begin my commute—never quite sure which side of 8:30 my slacks will finally hit my office chair—but knowing once they do, I’ll begin my daily dance with competing to‐do‐lists, calls, emails, sticky notes and status...