Technology Must Knows in Accounting with Jim Bourke

Jim Bourke discusses the excitement surrounding AI and technology in the accounting profession. He highlights the impact of AI and technologies like chat GPT on the industry, emphasizing the need for accountants to embrace innovation. Jim also addresses the challenges faced by accountants, including regulatory constraints and the slow adoption of new technologies by legacy vendors. He encourages accountants to consider best-of-breed solutions and emphasizes the importance of open APIs for seamless integration between different software applications. Jim concludes by discussing the positive changes happening in the profession and the increased collaboration between legacy vendors and new technology providers.Jim is a Partner and the Managing Director of Withum’s Advisory Services practice, which includes professional consultants in the areas of management consulting, cyber and information security, business advisory, transaction/M&A advisory, risk advisory and SOC services.Jim, and many of the group’s members have earned the American Institute of CPAs (“AICPA”) credential, Certified Information Technology Professional (“CITP”). The CITP credential is the only credential offered by our profession to individuals who have expressed a proficiency in information technology concepts as found in an extensive body of knowledge developed by the AICPA. There are only 2,400 CITPs nationwide, with Jim being one of the first CPAs in the nation to receive the designation, and he was also elected as Chair of the AICPA’s CITP Credentialing committee.Jim is a sought-after global speaker on all issues involving technology, the profession and business advisory. He has keynoted and presented at many global conferences around the world to many different industry groups. In addition, Jim is a well-respected leader in the accounting profession, having served as President of the New Jersey Society of CPA’s. Jim is frequently consulted by accounting firms around the globe to assist in building out advisory practices and to help with technological challenges associated with growth and client service.◣━━━━━━━━━━━━━━━━━━━━◢The Accounting Influencers Podcast drops every Monday to accounting professionals, finance specialists, software vendors, tech providers and influencers across 150 countries in the accountancy, CPA and bookkeeping space. To participate in our international virtual speed networking events for the accounting community, go to https://accountinginfluencers.com/events and book your place at the next gathering. Great to build your personal brand and make valuable industry connections. ◣━━━━━━━━━━━━━━━━━━━━◢You can watch this episode and more on our YouTube Channelhttps://www.youtube.com/@accountinginfluencersJoin the Accounting Influencers community and get invitations to our international speed networking events to build your personal brand and network in the accounting, finance and tech world: https://www.linkedin.com/company/accountinginfluencersFor videos of all podcast interviews and bonus video content: https://bit.ly/AI-youtubeThanks to our sponsors:ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today.