artificial intelligence

‘going cloud’ requires more, not less, cybersecurity

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portrait of william murphy sr.
murphy

it’s a team approach, not a handoff.

by william murphy
accounting firm operations and technology survey

it seems that everyone is “going cloud,” or soon will be. if you are not already in the cloud, chances are you are working your way toward getting there, or you are at least thinking about it.

one reason you are thinking about abandoning those servers in your back office is to avoid the possibility of cyberattack and the loss of your data, or a “holdup for your data” in the form of ransomware. you think that moving to the cloud is going to give you the ultimate in cybersecurity when it comes to protecting your data and the confidential information within it. you had better think again!
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8 steps for a successful change process

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gold pyramid etched with symbolsplus 4 common attacks to anticipate.

by bill reeb

we pick up in part 3 of this column series with some additional changes in best practices that will help you better focus your talent on what is truly important to the firm’s future.

parts 1 and 2: change happens: how to master it. | building competency on every level
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as well, we will review a few simple change management strategies and approaches to propel the successful changes and transformations you and your organization desire to make. so, let’s get started.
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change happens: how to master it.

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what’s next: “smart” helmets powered by ai and ar.

by bill reeb

“change” isn’t something you are expected to do once in a while anymore, but rather, “change” is something we are asked to do constantly.

more on performance management: what happens when you don’t push work down | why you must constantly push work down
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even while one change is in process, we often are asked to start another change.

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are you ready for the new lease accounting standard?

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dart stuck in bull's-eye of dartboard8 steps to take.

at the start of 2019, the implementation deadline for the financial accounting standards board’s (fasb) new lease accounting standard passed for public companies.

now, the focus – and pressure – is on privately held organizations, which must adopt the requirement by 2020.

and new research suggests that many of these firms may find themselves scrambling to meet the deadline for compliance.
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a.i. vs. auditors

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artist concept of an ai-based neuronhow human-centric artificial intelligence will help.

by hitendra r. patil and eli fathi

artificial intelligence is set to transform many professions. as ai shifts from news and hype, it will significantly change how people work in their jobs.

more: how to be ready for real artificial intelligence | how accountants can ride the artificial intelligence wave | automation makes it easier for accountants to offer cybersecurity | the why, what and how of cybersecurity for accountants  | blockchain: what you need to know now | the what, why and how of artificial intelligence for accountants | the client of the future | the rise of the robot accountant: opportunity or threat?
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the internet and cloud technologies transformed the workplace. similarly, ai will refine, reshape and even replace many of the tasks we do every day.
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the five rules of smart tech

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how the best managing partners stay on top of technology.

by marc rosenberg
quantum of paperless: the partner’s guide to accounting firm optimization

the duties of managing partners encompass a long list of critically important management functions. certainly, one of these is to ensure that technology has an optimal impact on the firm’s success, profitability, and efficiency.

more quantum of paperless: firms need ‘best practices’ manuals  |  optimize scanning procedures  |  why a digital tax workflow system is vital  | how long do you need that file?  |  don’t underestimate document management  | digital communications unify messaging  | hotspots the answer for field access  | check your bandwidth  | remote access requires planning  | proactively manage application updates  |

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this can be quite challenging because, unlike most managing partner duties, managing the technology function is a highly technical skill that most managing partners don’t have. so, they need to be smart. they need to know what they don’t know and rely on experts, both inside and outside of the firm, to guide them.

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how to be ready for real artificial intelligence

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what to know before investing in new technology.

by hitendra patil and eli fathi

to use ai or not?

that is the question for accounting and audit firms looking toward the future. there is a lot of fear, uncertainty, and doubt regarding the availability, adoption and use of artificial intelligence-based systems. there is even some misleading information within the broader community of accounting and audit tools.

more on entrepreneurial strategy: how accountants can ride the artificial intelligence wave | the client of the future | the rise of the robot accountant: opportunity or threat?
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a wide range of claims and news can be found online, from ai “not being ready” for accounting, to questioning the benefits of artificial intelligence. vendors stating their solutions are ai-enabled may be adding to the confusion. read more →

is your firm’s culture a magnet?

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two men talking at table, one younger in plaid with man bun, one older with glasses and sweater over shouldersdon’t know? ask, and consider ways to change.

by steven e. sacks

in the famous words of management guru, peter drucker, “culture eats strategy for breakfast.”

more: improve job satisfaction or it’ll cost your firm | the holy grail: finding the right talent | today’s workplace challenge: communicating across generations, cultures, and diversity | how enthusiastic is your staff?
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accounting firms are starting to get this message because now they are instituting initiatives that would have been laughed at years ago: a) every day is jeans day; b) shorts when there is no client meeting; c) work from home; d) bring your own device to work; and e) reduced saturday hours during busy season. and on it goes …
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2019: when cpas go extinct

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firms turn to mergers to solve problems.

by august aquila
the rosenberg map survey

this may well be the year that the dinosaurs become extinct.

more from the map survey: 2019: appetite for growth unabated | 2019: doing more with less | 2019: tech isn’t the problem. it’s the solution | 2019: using m&a to launch consulting | 2019 trends: client service changes | staff policies improve, but not mentoring
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