Transformation Highlights - Issue #91

#transformaccounting?Highlights

There are so many innovations coming out at breakneck speed. Additionally, through our research, we also know that embracing technology to #transformaccounting increases opportunities in recruiting and retention. This week, we're looking at two ways to #transformaccounting with two articles our team thought were most relevant for the week from our Transformation Insights newsletter. If you want to receive the complete set of articles delivered directly to your inbox each month,?subscribe today!

Is the 150-hour rule about to get killed?

Glad to see this get approval by NASBA since it establishes more of the apprenticeship model for CPAs. Now, it's up to the state societies to get this through in each state. #transformaccounting

Upon further review....

Pretty cool to see Accounting Today report on the research we did on whether advisory-focused firms are more successful than compliance-focused firms. We also analyzed vertical specialization versus horizontal specialization and showed some negative impacts of hyper-specialization. Thanks, Chris Gaetano, for capturing the story. #transformaccounting

Did you know nearly half of cyber attacks target small businesses? October is Cybersecurity Awareness Month, and the Center wants to help you protect your data, your employees, and your clients. Find out how we can help you with enterprise-level cyber protection and peace of mind at an affordable price.

Podcast Pick of the Week

Each week our team chooses one video or audio podcast episode to share that is good food for thought on a transformation-related topic. If you have an episode that you think should be featured here, send us a link at [email protected].

Accounting ARC Podcast: AI Will Steal Your Job

With all the buzz around AI replacing accountants, I enjoyed recording this podcast that discusses the reality of the situation. #accelerateinnovation #transformaccounting

#TechnologyThisWeek

Technology This Week, by?Rick Richardson, CPA, provides an easy-to-read digest of the technology that tax and accounting practitioners need to know to serve their clients better. Each week, our team will choose one of Rick's posts to share from the world of Technology.

Featured Courses

• Crypto Tax Planning – Beyond the Basics & What Practitioners Need to Know Going Forward - Oct. 21, 3 p.m. ET (2 hours)
• Exploring the A-B-C-D of the Digital Age and Their Impact on Accounting - Oct. 22, 11 a.m. ET (1 hour),
• Cryptocurrency Taxation: Nuts, Bolts and Tax Law Updates - Oct. 22, 1:30 p.m. ET (2 hours)

Receive 50% off by using promo code "c4tlith-50" when you register for any of these highlighted courses. You may also want to check your association membership benefits to see if Center courses are available to you.

Keep in Touch

I always welcome your feedback and constructive criticism on this newsletter or anything else that we publish via the?Center for Accounting Transformation. You can reach me easiest via email at [email protected] and connect to me here on LinkedIn:?Donny Shimamoto, CPA, CITP, CGMA.