Session for local CPAs focuses on impact on accounting
Local CPAs gathered to investigate what the future holds for their profession and how that future is closer than they think at a learning session hosted by Chartered Professional Accountants of Canada’s (CPA Canada) Cayman Islands Chapter at the Grand Cayman Marriott Beach Resort on Monday May 6.
How Technology Impacts the Accounting Profession provided an overview of the leading technologies and economic forces reshaping the accounting profession and how accountants are using new digital business models to thrive in the face of rapid and seismic change. They discovered how accountants are elevating their role using cyber tools and becoming pilots of global business.
“Everyone knows that technology is changing the workplace in many different ways,” said Karen Watson, the chairman of the Cayman Islands Chapter. “We organized this event to give our members insight into the workplace of tomorrow and the leading role that accountants will play in it.”
The featured speaker at the event was Garrett Wasny an award-winning internet analyst, professional development technologist and former Price Waterhouse management consultant.
“A torrent of emerging technologies, including robotic process automation, artificial intelligence, blockchain and data analytics, is disrupting the profession’s core services,” said Wasny. “Used wisely and embraced enthusiastically, new technologies will help transform accountants into forward-thinking analysts and decision-makers, further elevating the reputation of CPAs as the world's most trusted business advisors.”
“The session was filled to capacity – an indication of the importance of this topic in the local landscape.” said Angilynn Chan-Baraud, Vice-Chair of the Cayman Islands Chapter.
“We want to thank all of the chapter members who helped us organize this learning session,” said Watson. “Working together, we’re accomplishing great things for the accounting profession in Cayman.”
About CPA Canada
Chartered Professional Accountants of Canada (CPA Canada) is one of the largest national accounting organizations in the world, representing more than 217,000 members. Domestically, CPA Canada works cooperatively with the provincial and territorial CPA bodies who are charged with regulating the profession. Globally, it works together with the International Federation of Accountants and the Global Accounting Alliance to build a stronger accounting profession worldwide. CPA Canada is a respected voice in the business, government, education and non-profit sectors and champions sustainable economic growth and social development. The organization serves the profession, advocates for the public interest and supports the setting of accounting, auditing and assurance standards. CPA Canada develops leading edge thought-leadership, research, guidance and educational programs to ensure its members are equipped to drive success and shape the future. cpacanada.ca