Episode 6 | Why are accountants not being taught information technology?

In this episode, I want to invite accountants and auditors to reflect on how the profession is today and what needs to change in the wake of emerging technologies like Blockchain, Artificial Intelligence and the rest.

These technologies are bringing more and more automation to the profession, and therefore should accountants be sitting on the sidelines witnessing for this change to happen or rather participate and evolve?

I do not have all the answers on what needs to be done, but this is an inquisitive attempt to encourage more discussion on this topic, which from what I see is lacking from the leading professional accountancy qualifications

This episode is brought to you by AuditChain - the world's first decentralized continuous audit and real time reporting protocol.

Now traditional audit methodology focuses on “materiality”, not accuracy. We are constrained by time and cannot audit 100% of the transactions, and therefore we perform sampling.

AuditChain decentralizes audit and uses an independent assurance methodology that automates auditing tasks, and continuously audits 100% of the transactions.

With AuditChain Chartered Accountants and professionals will write and own Process Control NFTs that automate internal and disclosure controls, where these NFTs pay royalties in return.

With more and more automation, accountants will increasingly find themselves becoming redundant. If you are a forward thinking CPA or Chartered Accountant, and want to participate and be in touch with the latest developments from AuditChain in decentralizing the audit profession using blockchain, you should apply for membership by visiting DCARPE Alliance.

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes. It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. Together we can help accountants prepare themselves for a blockchain future.

For show notes and past guests, please visit theaccountantquits.com/podcast/

Follow The Accountant Quits:

Instagram: instagram.com/theaccountantquits/ 

LinkedIN: linkedin.com/company/the-accountant-qui