By 2020, more than a third of most occupations’ desired skill sets will be comprised of different skills than needed today, according to the Chief Human Resources Officers surveyed by the World Economic Forum in its January 2016 publication “The Future of Jobs: Employment, Skills and Workforce Strategy for…

Blockchain technology, Bitcoin, and cryptocurrencies have generated a lot of discussion in recent times. Despite all the hype, there is a clear gap of understanding about what they are. And more specifically, how the accounting industry will be impacted. To make sense of it all, it helps to break down…

Aaron Harris is Senior Vice President and Head of Engineering and Technology for Sage Intacct. Sage Intacct is a provider of cloud financial management software. Aaron has examined how to apply blockchain to Sage Intacct products. Here are some highlights from Aaron where he wrote about the scaling issues for…

One could say, in all objectivity, that in following the 2017 buzz, excitement and hype around cryptocurrencies and blockchain technology, 2018 appears to be the year digital information, blockchain and digitization of data is going mainstream. Cutting through the buzz and excitement that surrounds blockchain — just like every other…

There has been a lot of talk about how blockchain technology will disrupt the role of accounting as we know it today. In truth, disruption has already been happening through automated accounting software and other applications that help accounting firms process data faster, run their businesses and advise their clients. …

Blockchain promises a world where all transactions can be logged, viewed and monitored in real time. There are potential implications for a wide variety of sectors and professions, not least accountants and auditors. Nick Martindale investigates what it could lead to Back in the early 1990s, very few people had…

The ability to track and transfer value, in the form of money or assets, in a secure, real-time way, similar to how we transfer information today, could fundamentally alter the way businesses transact with one another. Distributed ledgers, or blockchain — the underlying technology to enable this — is at…

Learn about how blockchain technology may affect the audit and assurance profession, from its impact on the financial statement audit to opportunities that may arise in a blockchain-enabled world. Awareness and understanding of the potential impact of emerging technologies are critical to the success of Chartered Professional Accountants (CPAs) as…

In recent years, blockchain technology has evolved far beyond bitcoin and is now being tested in a broad range of business and financial applications. Blockchain technology could bring new challenges and opportunities to the audit and assurance profession. In this whitepaper the AICPA joined with CPA Canada and the University…