Episode description
Episode description
"What Is Accounting Transformation? Donny Shimamoto."
Donny Simamoto is the founder of IntrapriseTechKnowlogies LLC, an advisory-focused CPA firm accelerating innovation and organizational development for small and mid-market businesses and nonprofits. He is recognized as a global thought leader and educator in the fields of accounting innovation, IT risk management, and performance management.
Key questions addressed in this episode :
☛ the origins of the Center for Accounting Transformation and what's happening at that brand here: www.improvetheworld.net
☛ what exactly is meant by 'accounting transformation'
☛ key areas of accounting transformation, including accounting firms , tax, audit, outsourced accounting and
☛ how the accounting firm transformation assessment works and the 6 major transformation areas firms must understand
☛ blueprints for tax return preparation automation and outsourcing that looks at the end to end tax return process
☛ findings on research into keys to success with tax staff outsourcing
☛ upcoming research on what accounting firms that have successfully used outsourcing are doing and lessons learned
☛ the content of audit self-study course (automation, artificial intelligence, blockchain, data analytics, data visualization and the future of audit)
☛ the approach PwC has used to educate its entire US staff to identify opportunities to leverage technologies.
☛ toolkits in In CAS and finance transformation to help finance application and vendor selection for ERP and CPM solutions
☛ DE&I research findings from multiple state accounting societies, media, and firm associations
Donny co-chair of the National Conference of Lawyers and CPAs, past chairman of the AICPA’s Information Management and Technology Assurance Executive Committee, and former member of its Governing Council, Assurance Services Executive Committee, and numerous other AICPA committees and task forces. He is also a past member of the IFAC Technology Advisory Group. Donny was recognized as one of the Top Thought Leaders in Public Accounting by CPA Practice Advisor from 2012 to 2022, Top 100 Most Influential People in Accounting (2013/2014/2017-2021) by Accounting Today, received the 2009-2010 President’s Award from the Hawaii Society of CPAs, was named to CPA Technology Advisor’s 40 Under 40 list in 2007 & 2009 & 2014, and was also a Hawaii Top High Tech Leader in 2004.
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