Gain an understanding of ethical considerations for the use of technology and automation.
The accounting profession is witnessing constant and rapid technological changes impacting every aspect of our practices and presenting new challenges in adapting ethical standards while gaining efficiency and broadening client services. This presentation will help accountants identify ethical considerations for the use of technology and automation in their practices. It discusses the implications of AI, social media presence, and blockchain technology on the CPA practice, and prepares the participant to ethically navigate those and other technologies.
Learning Objectives
- You will be able to define applicable ethical standards related to technology.
- You will be able to discuss data privacy and security concerns for accountants.
- You will be able to identify potential ethical conflicts arising from the use of social media.
- You will be able to recognize technologies and the current impact of AI on the accounting profession.
Agenda
Understanding CPA Ethical Standards
- Definition and Importance of CPA Ethical Standards.
- Key Principles Integrity, Objectivity, Professional Competence, Confidentiality, and Professional Behavior
Data Privacy and Security
- Importance of Data Privacy and Security in the Digital Age
- Ethical Considerations for Protecting Client Information
- Best Practices for Data Security (Encryption, Access Controls, etc.)
Artificial Intelligence and Automation
- Impact of AI and Automation on the Accounting Profession
- Ethical Challenges and Considerations (e.g., Job Displacement, Decision-Making Transparency)
- Ensuring Ethical Use of AI Tools in Accounting
Ethical Issues in Blockchain and Cryptocurrency (20 Minutes)
- Introduction to Blockchain Technology and Cryptocurrencies
- Ethical Implications for Accountants (e.g., Financial Transparency, Fraud Prevention)
- Regulatory Challenges and Compliance
Social Media and Professional Conduct
- Role of Social Media in Professional Life
- Ethical Guidelines for CPAs Using Social Media
- Balancing Personal and Professional Boundaries
Speakers
Peter Wesch, EA,
Smith Marion & Co. CPAs- Tax Principal/Chief Administrator at Smith Marion & Co. CPAs
- Responsible for the firm’s tax practice, as well as technology evaluation and purchase
- 30 years of experience as an Enrolled Agent
- Speaker/presenter on outsourcing/offshoring and technology at AICPA Engage and CCH webinars
- Member of CCH Wolters Kluwer Executive Advisory Board; associate member AICPA; member of Beta Alpha Psi; and past member of CalCPA State Technology Committee
- Board President, Accounting Advisory Committee, Cal State University, San Bernardino
- A.S. Degree, City University, Bellevue, WA
Who Should Attend
This live webinar is designed for accountants, CPAs, presidents, vice presidents, CFOs, business owners and managers, controllers, tax professionals, and auditors.
