Journal of Accountancy Podcast

AICPA & CIMA

The Journal of Accountancy podcast discusses the key issues facing the accounting profession.

  1. 6d ago

    What CPA.com's CEO sees next for AI, tax, and the profession

    In this episode, Erik Asgeirsson of CPA.com looks back and looks ahead — to the next weeks and months and also to the future of AI in the accounting profession. Asgeirsson explains how AI's acceleration in tax, audit, and client advisory services builds on lessons learned during the cloud computing transformation. He outlines where firms are seeing the biggest opportunities, why tax is emerging as a key area for innovation, and how new AI capabilities are reshaping workflows and insights.  The conversation also covers practical steps for firms to get started with AI, along with the risks to manage and the long-term shift toward higher-value advisory services. Asgeirsson was one of the creators of AICPA Town Hall back in spring of 2020. He talked about Town Hall's guiding principles, which have shaped the show and resonate with its thousands of viewers today. Resources mentioned in the episode: CPA.com's AI resource page. AICPA ENGAGE agenda. Digital CPA Conference in December. What you'll learn from this episode: How lessons from the rise of cloud computing and client advisory services can guide firms' AI strategies. Why tax is emerging as a leading area for AI-driven transformation, from research to new preparation tools. What recent advances in AI models mean for CPAs, including stronger data analysis, automation, and integration into everyday tools. How small and midsize firms can get started with AI. Why embracing AI can lead to expansion for firms into higher-value advisory work, even as they manage risks such as data security and governance. Asgeirsson's reflection on the growth of AICPA Town Hall from a pandemic-era resource to a high-production platform shaping firm strategy and responding directly to member questions. One JofA-related highlight that Asgeirsson is looking forward to at ENGAGE.

    23 min
  2. 6d ago

    What CPA.com's CEO sees next for AI, tax, and the profession

    In this episode, Erik Asgeirsson of CPA.com looks back and looks ahead — to the next weeks and months and also to the future of AI in the accounting profession. Asgeirsson explains how AI's acceleration in tax, audit, and client advisory services builds on lessons learned during the cloud computing transformation. He outlines where firms are seeing the biggest opportunities, why tax is emerging as a key area for innovation, and how new AI capabilities are reshaping workflows and insights.  The conversation also covers practical steps for firms to get started with AI, along with the risks to manage and the long-term shift toward higher-value advisory services. Asgeirsson was one of the creators of AICPA Town Hall back in spring of 2020. He talked about Town Hall's guiding principles, which have shaped the show and resonate with its thousands of viewers today. Resources mentioned in the episode: CPA.com's AI resource page. AICPA ENGAGE agenda. Digital CPA Conference in December. What you'll learn from this episode: How lessons from the rise of cloud computing and client advisory services can guide firms' AI strategies. Why tax is emerging as a leading area for AI-driven transformation, from research to new preparation tools. What recent advances in AI models mean for CPAs, including stronger data analysis, automation, and integration into everyday tools. How small and midsize firms can get started with AI. Why embracing AI can lead to expansion for firms into higher-value advisory work, even as they manage risks such as data security and governance. Asgeirsson's reflection on the growth of AICPA Town Hall from a pandemic-era resource to a high-production platform shaping firm strategy and responding directly to member questions. One JofA-related highlight that Asgeirsson is looking forward to at ENGAGE.

    23 min
  3. 6d ago

    What CPA.com's CEO sees next for AI, tax, and the profession

    In this episode, Erik Asgeirsson of CPA.com looks back and looks ahead — to the next weeks and months and also to the future of AI in the accounting profession. Asgeirsson explains how AI's acceleration in tax, audit, and client advisory services builds on lessons learned during the cloud computing transformation. He outlines where firms are seeing the biggest opportunities, why tax is emerging as a key area for innovation, and how new AI capabilities are reshaping workflows and insights.  The conversation also covers practical steps for firms to get started with AI, along with the risks to manage and the long-term shift toward higher-value advisory services. Asgeirsson was one of the creators of AICPA Town Hall back in spring of 2020. He talked about Town Hall's guiding principles, which have shaped the show and resonate with its thousands of viewers today. Resources mentioned in the episode: CPA.com's AI resource page. AICPA ENGAGE agenda. Digital CPA Conference in December. What you'll learn from this episode: How lessons from the rise of cloud computing and client advisory services can guide firms' AI strategies. Why tax is emerging as a leading area for AI-driven transformation, from research to new preparation tools. What recent advances in AI models mean for CPAs, including stronger data analysis, automation, and integration into everyday tools. How small and midsize firms can get started with AI. Why embracing AI can lead to expansion for firms into higher-value advisory work, even as they manage risks such as data security and governance. Asgeirsson's reflection on the growth of AICPA Town Hall from a pandemic-era resource to a high-production platform shaping firm strategy and responding directly to member questions. One JofA-related highlight that Asgeirsson is looking forward to at ENGAGE.

    23 min
  4. Apr 30

    The risks of quick‑turn SOC engagements and what CPAs should know

    System and Organization Controls (SOC) reports are examinations performed by CPAs in accordance with the AICPA's Statements on Standards for Attestation Engagements to evaluate the controls over customer data that service organizations such as cloud providers or payroll processors have in place. SOC reports provide independent assurance to the service organization's customers, aka user entities, that those controls are suitably designed and operating effectively. The entrance of technology vendors into the realm of SOC reporting has created some efficiencies, but it also has led to promises of "fast and easy" SOC reports that have raised credibility concerns in the marketplace.  In this episode of the Journal of Accountancy podcast, Amy Pawlicki, the AICPA's vice president–Assurance & Advisory Innovation, discusses recent developments affecting SOC engagements. The conversation also highlights what CPAs, service organizations, and report users should watch for to protect trust in SOC reporting. Other resources mentioned in the episode include: A JofA article on ethics risks related to SOC tool providers. The AICPA's SOC landing page. Ethics Staff Insights: Business Arrangements With SOC Tool Providers. What you'll learn from this episode: What SOC reporting is — and why a SOC 2 report is not a certification. How a technology trend is threatening SOC credibility. The ethical risks related to SOC reporting tool vendors. The peer review and the AICPA Code of Professional Conduct requirements for CPAs performing SOC work. Where to find AICPA resources for firms, service organizations, and users.

    15 min
4
out of 5
73 Ratings

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The Journal of Accountancy podcast discusses the key issues facing the accounting profession.

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