How could automation and AI change the CPA’s role? Resources for CPAs
At a time when AI is permeating every facet of our professional landscape, the role of the CPA is evolving significantly. As stewards of financial integrity and guardians of trust, CPAs are increasingly playing a role in navigating this technological disruption while promoting responsible and ethical data governance and AI practices.
Our AI and automation guidance resources take you from a foundational knowledge of the technology to a greater understanding about the opportunities and challenges AI and automation can bring to your role.
CPA CANADA & AICPA SERIES ON AI
In partnership with the American Institute of Certified Public Accountants (AICPA), CPA Canada has developed a series of publications to explore critical updates for CPAs on the evolution of AI and the impact on the CPA profession in the age of generative AI. These papers are intended to empower CPAs, regardless of background or specialization, to effectively navigate the AI landscape.
Read more about the new papers in this series:
Navigating the AI revolution: Key updates for today’s CPA
Explore critical updates for CPAs on the evolution of AI including current opportunities and challenges involving the technology and the CPA profession.
Celebrating the launch of the first paper in this series, watch our latest webinar with Financial Executives International Canada on AI use cases, governance and implementation considerations.
Watch the webinar: AI Use Cases, Governance and Implementation for CFOs, CPAs and business leaders
Closing the AI trust gap (Part 1): The pivotal role of CPAs in AI governance and risk management
Understand governance and risk management practices for managing AI programs and building trust in the technology. This paper will explore opportunities for CPAs as trusted business advisors tackling responsible implementation and management of AI technologies within organizations.
Coming Summer 2024
Closing the AI trust gap (Part 2): The role of CPAs in AI assurance
Understand the role that CPAs and assurance engagements can play in building trust in AI systems. This paper will explore defining AI assurance, the role of assurance standards, and considerations for structuring an AI assurance engagement.
Coming Fall 2024
READ
Navigating the AI revolution: Key updates for today’s CPA
In collaboration with the AICPA, this is the first publication in a three-part series on AI and its impact on the CPA profession. From understanding the nuances of machine learning to ensuring transparency in AI-driven decision making, this paper can serve as a compass for CPAs navigating the AI ecosystem. Download now.
A CPA's introduction to AI: From algorithms to deep learning, what you need to know
In collaboration with AICPA, we have issued this publication as a foundational resource for all CPAs. It explains the AI “buzzwords” and terms you have likely been hearing, discusses the evolution of data, AI and computing power and helps you begin learning about AI and how it might impact your work. Download now.
The data-driven audit: How automation and AI are changing the audit and the role of the auditor
This second publication with AICPA explores the benefits of an AI-enabled audit and examines how AI will evolve the audit and the role of the auditor. It also considers the change in mindset required to meet the challenges and take advantage of the opportunities this evolution presents. Download now.
Big data and artificial intelligence: The future of accounting and finance
This forward-looking paper is part of a broader conversation we are initiating on the potential impact of AI and other technologies on the accounting profession. Download now.
Building ethical AI solutions: Using the ethics funnel and a trusted framework
Read about key messages heard at a recent symposium that explored the intersection of technology and ethics, and what that means for the way we do business, run our organizations and manage risk. Download now.
Robotic process automation: Technology spotlight
Daniel Zbacnik, FCPA, FCA, provides an overview of the benefits, challenges and examples of how RPA can be leveraged within the finance function. In addition, the spotlight answers key questions such as what types of processes are best suited for RPA implementation, how do you design controls to monitor RPA-led processes and who are some of the vendors in the RPA space? Download now.
“Our ability to serve our advertising customers is directly impacted by our ability to automate processes, make them faster, be more efficient, and more accurate at the same time.”
Jennifer Barber, CFO, Community and Daily News Brand at Torstar
WATCH
Interview with Amanda Haney, CPA, CA (VP, Finance at EIC Shared Services)
Amanda leads a finance organization that supports seven companies and processes over 5,000 invoices a month. She shares how her finance team took the lead on initiating RPA within the organization, which types of processes are most ideal for RPA, and the various roles CPAs can play within an implementation. Watch now.
Interview with Jennifer Barber, CPA, CA (CFO, Community and Daily News Brand at Torstar)
Jennifer is a finance leader of a public company. She explains how RPA helped her finance organization automate processes to make them faster and more accurate, which freed up resources and allowed her team to spend more time with clients and focus on analytics. Watch now.