The American Institute of CPAs’ Auditing Standards Board has issued a proposed standard on audit evidence to update an older standard and include new technologies such as data analytics and blockchain.
You can look at the revenue recognition standard in one of two ways — a compliance burden, or an opportunity for finance leaders to emerge and change the game.
Attend any accounting industry conference today, and you’re bound to encounter sessions on emerging technologies including robotics, artificial intelligence, blockchain and machine learning.
