Software Will Never Replace CPA Judgment

Software Will Never Replace CPA Judgment

Software Will Never Replace CPA Judgment is a great example of why software, even good software won’t ever replace professional judgment.

Software Will Never Replace CPA Judgment
Software Can help but won’t replace.

The letter is admittedly aggressive and harsh. We wouldn’t have used that approach but for a company, employee tossing gas on an open flame. We admittedly are very protective of the “CPA Franchise” which is auditing and independence. It provides very clear justification for the assertion that there are good reasons why a CPA is the best choice, working in tandem with competent legal counsel to represent a commercial cannabis industry business in California.

The reference to the California Board of Accountancy makes an important point.

The situation illustrates the unreasonable expectations associated with claims from some vendors that “Beautiful Accounting Software” could ever replace professional judgment.

As automation becomes a bigger and bigger buzzword across business sectors, many workers—especially CPAs—are wondering what’s in store for their jobs. The uncertain situation is additionally stressful because it’s hard to separate facts about the future of automation’s impact from (science) fiction.

Of course many attempts to predict the impact on jobs. You can come up with frameworks using dimensions of the cognitive and physical complexity of jobs, productivity increases offered by robotics and artificial intelligence [AI], and technology adoption rates—but these are estimates and predictions at best” for jobs that might be replaced by automation.

Accountants—specifically accounting clerks and bookkeepers and NOT CPA’s appeared at No. 1 in a 2015 study. The rationale: Computer learning systems or robotics will be able to perform simple and routine tasks faster and more accurately. Accountants were just ahead of checkout operators and cashiers, office administration staff, and financial and insurance administration workers on that list.

Software Will Never Replace CPA Judgment

Author: abizcannabis

Managing Director & CEO of integrated transactional financial advisory, tax, and technology consulting firm - aBIZinaBOX Inc New York, Chicago, and OaklandCPA.CITP.CISM.CGEIT.CGMAExpertise with: Alt. Investments/Private Equity, Real Estate, Professional Services, CA Cannabis, Tech Start-Ups and Distressed Assets/DebtTechnology Certifications including:Advanced & High Complexity Cloud Integrator AICPA PCPS, CAQ,, IMTA, CITP ISACA CGEIT, CISMState CPA Societies in California, Florida, Illinois, New York and TexasExpertise with Regulatory Compliance - US - HIPAA, FINRA, SEC Rule 17(a)(3)/(4), eDiscovery, FINCEN - EU- EBA, ESMA, EIOPA UK - BoE, PRA, FCA