Surgent's Technology Trends and Risks of Interest to CPAs

Overview

Never have the benefits, and related risks, of utilizing new technology 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, our clients’ technology landscape is rapidly changing. Accordingly, we, as accounting professionals, need to be on the forefront of these changes, including having a firm understanding of the risks associated with the use of these tools. In this course, we’ll review these trends, highlight new and emerging products, and focus on cyber-security risks and best practices that will allow accounting professionals to help our clients navigate these exciting but challenging times. Plus, we’ll review the newly issued guidance on audit evidence found in SAS 142, which guides our use of technology on our professional engagements.

Highlights

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

Prerequisites

Experience in accounting and attestation

Designed For

Accounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities

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 the new audit methodologies using technology
Explain how auditors are integrating audit data analytics into the audit process