This week is all about financial statements, which may not seem like the sexiest subject in the world... but humor us for a few minutes! Because we’re talking about some of the most important documents that exist today, at least in corporate America, and they’re feeling the sting of disruption just like everything else these days.

There are academics out there questioning whether traditional financial statements are still relevant in a world where business models are evolving and innovating, and new types of businesses are emerging almost daily. Can a traditional financial statement serve these types of businesses and their audiences well?

And then there’s technology: Artificial intelligence and blockchain are poised to disrupt not just how financial statements are prepared, but what types of information are reflected in those financials and how they are audited.

So this is about as sexy as subjects go these days, at least from an accounting and finance standpoint.

Joining us this week to help make sense of all of this chaos is Erik Asgeirsson, the president and CEO of CPA.com, which is the technology arm of the AICPA.

To learn more, and for the complete show notes, visit blionline.org/blog.

Resources:

• Learn more at CPA.com
• Connect with Erik on LinkedIn
• Read Erik’s article: “What’s the future for financial statements in a digital world?”
• RIVIO Clearinghouse: rivio.com

Future-Proof is produced by Podcast Masters