How to stay on track to accomplish your 2019 goals

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It’s time to assess those goals

Remember when 2018 was coming to a close? You were thrilled about the new year ahead. Fully living in the “new year; new me” theme, you made a list of your top goals for 2019. You broke them down into pieces and vowed to tackle them incrementally. You remember!

Well, guess what: It’s almost halftime. With the end of the second quarter creeping up on you, it’s time to assess your progress. Whether your goals are personal or professional, here’s how to recommit to the ones you didn’t complete and celebrate the ones you did.

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How your feedback is shaping and evolving CPA licensure

GettyImages-507831914Back in January, I wrote about the CPA Evolution initiative, a joint project with the National Association of State Boards of Accountancy (NASBA) to explore integrating technological and analytical expertise into initial CPA licensure requirements.

I was thrilled that so many of you sent me emails with your thoughts on the blog post and the need for “CPA” to evolve with the ever-changing business landscape. Clearly, you all are very passionate about keeping the credential strong and relevant.

A few themes emerged from your feedback. Since your insights are so valuable to this initiative, I wanted to share them with you as NASBA and the AICPA continue our discussion throughout 2019. Here’s what I heard:

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Implementing RPA is easier than you think

Shutterstock_1188695923Robotic process automation (RPA) has advanced quickly in just a few years. In a short amount of time, both the number of RPA providers and the range of capabilities have greatly increased.  So much so, it can be difficult to keep up with all the changes.

This leads to the misconception that RPA is either too complicated, too costly, too technical or simply too difficult, for small or medium-sized businesses to put in place. While these statements may have once been true, that is no longer the case. Today, the wide variety of available options mean RPA is now for everyone. The barriers to entry have dropped so now is the right time to reconsider how automation can help your business.

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Rising to the challenge of a digital era: Reflections from AICPA chair

6a0133f5884316970b01b7c94b352c970b-320wiWhen I stepped into the role of Chair of the American Institute of CPAs (AICPA) in February 2018, we were — and continue to be — facing an unprecedented pace of change that’s transforming our profession. And I put forward a challenge:

Be early to be on time. Take bold steps and initiate change today so that we will not just be prepared for tomorrow — we will be even stronger than we are today.

You have risen to that challenge. As I’ve spoken with members and leaders across the U.S. and around the world, I’ve been energized and inspired by the progress our profession is making. We’re not just imagining the possibilities. We’re seizing them to create an even stronger tomorrow for ourselves and the next generation.

Here are some of the ways we’re doing it.

Delivering more value

We’re pushing our own boundaries by adopting new technologies, competencies and service areas to become even more indispensable.

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5 steps to get started with audit data analytics

GettyImages-629666944If your firm hasn’t started using audit data analytics yet, it’s time to get on board. Audit data analytics (ADAs) are a technique that can help you leverage current technologies and move toward a more data-driven approach to planning or performing an audit.

How? ADAs help you discover and analyze patterns, identify anomalies and extract other useful information from audit data through analysis, modeling and visualization. You can use ADAs to perform a variety of procedures to gather audit evidence.

What that means for you: You can focus more of your time and energy on analyzing your data, understand more of what’s happening at your client’s organization and often analyze an entire population of data instead of just a sample.

Getting started with new techniques and technologies can be overwhelming, especially if you’re comfortable with your traditional method—and you may have concerns about using ADAs while complying with audit standards. However, we have a few resources and tips to show how you can comply with the standards while performing your audits with ADAs. Get started with these five steps.

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