Transforming the Accounting Profession

Rory and Rob are joined by Donny Shimamoto CPA, CITP, CGMA. He is the Managing Director for IntrapriseTechknowlogies, the Inspiration Architect for The Center for Accounting Transformation, and is the AICPA Chair for the National Conference of Lawyers and CPAs. In this episode, Donny talks about his work helping accountants with technology, business practices, and risk management through the adoption of technology and outsourcing. Find out about the AICPA’s, CPA Horizons Project 2025, and why they decided to remove “accounting services” when describing the profession. Donny also talks about how small and midsize accounting firms were crucial during the pandemic and how they play a vital role in powering the small business economy. Get insights on the flood of Venture back money and its drive towards market acquisition, his thoughts on ESG (Environmental, Social, Governance) Reporting, and why it can be advantageous to choose the safety of people over profit. Learn about the importance of recognizing patterns, as Donny explains the evolution of technology from The Mainframe to Cloud Computing to now Blockchain and AI. Lastly, find out why it’s important to treat technology with a “Glass Half Full” mindset while you surf the technological wave of change. Check out this informative and entertaining can’t miss episode!