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Foresight: The CPA Podcast asks CPAs to reimagine their position at the centre of the economy. Accountants face an urgent choice: embrace change or risk falling behind, losing relevance and being replaced by competitors. Foresight: The CPA Podcast takes a deep dive into how societal shifts are transforming the role of CPAs. From AI to ESG. From protecting the environment to protecting professional ethics. Each episode asks CPAs to reimagine their position at the centre of the economy. This p ...
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show series
 
On this episode, Simon Dermarkar, associate professor of accounting at HEC Montreal, discusses the evolving role of Certified Public Accountants (CPAs) in the age of artificial intelligence (AI) and data governance. Simon emphasizes the critical importance of data as the fuel of AI. He argues that it is natural for CPAs to apply their expertise in …
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On this episode with Benjamin Alarie, CEO of Blue J and a tax law professor at the University of Toronto, we explore another case study of an AI-driven platform penetrating traditional CPA competencies. Blue J's “Ask Blue J” platform allows professionals to input complex tax queries and receive detailed, sourced responses in conversational language…
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On this episode, Ryan Meyers, chief product officer at Manifest Climate, discusses how Manifest Climate, helps companies measure their sustainability efforts against regulations and see how they stack up against others. The platform uses AI to quickly check a company's reports against 50 regulatory standards, offering detailed comparisons and ident…
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On this episode, Jean-Sébastien Charest, chief information officer at the Business Development Bank of Canada discusses Canada’s productivity crisis. Canada’s labour productivity, which is measured by the real gross domestic product (GDP) by hours worked across the economy, has been compared with the United States and other advanced economies, and …
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We are continuing our conversation on Generative AI, often referred to as Gen AI, with Cathy Cobey, FCPA, global responsible AI co-lead at EY, to explore the potential risks that come with introducing this new technology to the accounting profession. Cobey brings extensive experience working on the ethics and control implications of AI and other au…
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We’re kicking off season six with Sree Balakrishnan, partner at Deloitte Canada, and Zohaib Akhtar, senior manager on Deloitte’s Omnia AI team, as we explore how the role of Chief Financial Officer (CFO) will be shaped by the evolution and adoption of Generative Artificial Intelligence (Gen AI). Our guests bring their extensive experience working w…
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On this episode, Shreya Verma Mair, CPA, senior associate at ESG Global Advisors discusses the launch of the new International Sustainability Standards Board (ISSB) sustainability disclosure standards and their impact on sustainability reporting. While for many, this is seen as a major and unsettling shift in the way we manage reporting standards t…
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On this episode, Annie Veillet, the national Intelligent Automation practice leader at PwC Canada dives into the rise of generative AI and what it means for the accounting profession. Will these tools replace CPAs? Veillet doesn’t believe so. Hear her thoughts as she discusses how these tools are being used internally at PwC, as well as addressing …
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In May 2021, the Association of Chartered Certified Accountants (ACCA) and the International Federation of Accountants (IFAC) produced a study called Ground-breakers: Gen Z and the future of accountancy . The study suggests the future of accounting is no longer in the hands of baby boomers and gen-Xers. Millennials have stepped into leadership role…
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Liane Davey, PhD., and author of ‘The Good Fight’, distinguishes healthy and unhealthy workplace conflict and how CPAs can cultivate an environment that encourages collaboration. On this episode, renowned team effectiveness advisor and author of The Good Fight , Liane Davey, PhD., discusses how to manage problems in a workplace arising from individ…
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Jan Taylor, CPA, PhD, addresses a growing movement in the United States to have accounting considered as a STEM field and its potential impact on attracting new talent into the profession. On this episode, Jan Taylor, CPA, PhD, academic in residence and senior director of academic and student engagement at the Association of International Certified…
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We’re kicking off season five with Kevin Kolliniatis, CPA, the national technology leader for KPMG in Canada’s audit and assurance practice. Kevin has been instrumental in KPMG’s transition towards continuous auditing. This emerging aspect of accounting can be described as a transformative shift from traditional practices. It’s characterized by a c…
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On this episode, we speak with Jerome Dwight, CPA, the co-founder and CEO of BoomerangFX, a tech company aimed at private health-care providers. Instead of discussing what keeps him up at night during times of uncertainty, Jerome shared his perspective on the possibilities that can arise with an unsettled economy. He believes CPAs are well-position…
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On this episode, Chris Dulny, CPA, chief digital data and innovation Officer at PWC Canada, discusses his deep concern that in tough economic times, Canadian businesses will prioritize short-term goals over long-term innovation strategies and potentially stifle their ability to adapt and thrive in the long run. Chris argues that innovation should n…
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On this episode, Priyanka Lloyd, Executive Director of Green Economy Canada, discusses how taking meaningful steps to reduce emissions can make businesses stronger and better equipped to navigate an unpredictable future. When times are uncertain, it's natural to become risk-averse and cling to familiar processes and approaches. However, she argues …
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On this episode, we speak with Cirque du Soleil Entertainment Group’s president and CEO Stéphane Lefebvre about his experience facing what seemed to be the worst-case scenario for the entertainment giant. In March 2020, Cirque du Soleil had six shows in Las Vegas with another 10 shows touring around the world. Then suddenly, within just six days, t…
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Our guest in this episode, Anish Chopra, FCPA, shares his approach when it comes to managing investments during times of macroeconomic uncertainty, and how being a CPA has helped him manage his emotions during high-stress periods. Anish Chopra is the managing director and portfolio manager at Portfolio Management Corporation. Prior to this, he over…
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We’re kicking off season four with Obed Maurice. Obed is a partner at Avail, a mid-sized business advisory and accounting firm in southern Alberta. He's a CPA and he leads the firm's cloud accounting service. It's a specialty he developed on his own as the founder of Maxim Management, one of Canada's earliest cloud accounting firms. Avail acquired …
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What does it look like when the CPA skillset is applied to the global challenge of sustainability? Janice Tran offers one concrete example. She is the CEO and co-founder of Kanin Energy, a Canadian company that turns excess heat from industrial sites into electrical power. And the potential is huge. Kanin’s technology captures and converts the wast…
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In 2013, Peter Bakker wrote an article in the Harvard Business review titled Accountants Will Save the World. Almost 10 years later, Roopa Davé continues to share Bakker’s enthusiasm for the impact CPAs can have on the biggest issues facing our planet. Davé is a partner in KPMG’s Sustainability Services practice. “The skillsets and abilities of the…
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Are sustainability reports fundamentally different from financial statements? Armand Capisciolto says, not really. Both deliver information that providers of capital seek before making investment decisions. So, what is the CPA’s role with these information documents? Through the application of accounting standards, CPAs add credibility to the infor…
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In 2021, Guy Cormier wrote an opinion piece published in the National Observer titled It's Time to Give Capitalism a Do Over. Mr. Cormier’s editorial is part of a debate that's been gaining momentum in the past few years. Broadly speaking, the debate is between traditional shareholder capitalism and the rise of stakeholder capitalism. A 1997 U.S. B…
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The rise of sustainability in business reporting requires CPAs to develop new skills and a new knowledge set. This may seem daunting, but Blake Phillips sees it as a way of future-proofing your career. Blake Phillips is the director of the School of Accounting and Finance at the University of Waterloo. He is the co-developer of a new program at the…
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Is the shift toward sustainability an added burden or a new opportunity for CPAs? Bettina Pierre-Gilles argues that we are entering a sort of golden age for accountants. As Pierre-Gilles explains, this is a fantastic time for CPAs. They have the opportunity to be at the start of this next societal wave where companies, society, and regulators are c…
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The rise in globalization and the ever-increasing sophistication of corruption schemes have exponentially expanded the scope of the professional accountant’s role. The challenges CPAs currently face are significantly different from those encountered 20-25 years ago. It is important that CPAs rise to this challenge and equip themselves with the know…
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Dans ce septième épisode de la deuxième saison du balado, Jean-Sébastien reçoit Pierre-Yves McSween, un invité qui porte plusieurs chapeaux. Effectivement, Pierre-Yves est non seulement CPA, mais aussi chroniqueur à la radio et animateur de l'émission L'indice McSween sur les ondes de Télé-Québec, en plus d’être l’auteur de plusieurs livres dont le…
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In this episode, we're asking how AI can help CPAs make smart decisions about capital allocation? One area that is notoriously difficult to analyze is marketing. Making smart decisions about marketing expenditures can be challenging because the correlation between marketing investment today and the long-term impact on financial results in the futur…
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>> This is the first of two French episodes this season. English listeners can find show notes below along with links to the English transcript << « Un CPA, c'est des professionnels qui ont une très grande polyvalence, mais en même temps la rigueur nécessaire pour faire l'audit. Ça nécessite une certaine vision, une capacité d'analyse, puis être en…
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Newly designated CPAs have a wide range of options ahead of them, but for many, the CFO office remains the ultimate goal. However, today’s CFO looks very different from decades past. Advanced technical skills are now just table stakes. CEOs are looking for CFOs to be strategic partners focused on growth and increasing shareholder value. According t…
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As organizations generate larger and larger amounts of data, traditional accounting practices like audits are increasingly difficult to perform effectively without the help of technology like AI. And while AI presents CPAs with the opportunity to expand skillsets and manage massive datasets, it also comes with significant risks. In this episode, Da…
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The drive towards digital transformation is creating new opportunities, new business models, and emerging leadership positions for CPAs who are up for the challenge. In this episode, we hear from two CPAs who are driving this shift towards digital. First up is Josh Zwieg, co-founder and CEO of Live CA, Canada's first and largest online accounting f…
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This first episode of the second season zeroes in on the need for CPAs to develop a growth mindset. Someone with a growth mindset loves to innovate; is quick to embrace new technologies, and seeks out new ways of doing traditional activities. This growth mindset is especially important for mid-career CPAs as they begin rubbing shoulders with new en…
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As the accounting industry adapts to a new digital era, CPAs need to expand their role as key ethical leaders in organizations. Laura and Brian Friedrich, principals at Friedrich and Friedrich Corp. and co-authors of the article “Ethical Leadership in an Era of Complexity and Digital Change,” weigh in on the broader responsibilities faced by accoun…
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Note to English listeners: this is our second and final French episode for this season of Foresight. Links to English resources can be found at the bottom of the show notes. « Nous, on est surpris quand on a une conversation, parce que parfois on reçoit des spécialistes de la transformation numérique, ils nous demandent, “Qu’est-ce qu’un CPA vient …
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This episode is in French. English listeners can find translations of the transcript and show notes through the links below. "Où est-ce qu'on se projette dans 20 ans? L'intelligence artificielle va être comme un collègue vers qui on se réfère pour supporter nos analyses. C'est quelqu'un qu'on va challenger, c'est une machine dont on va questionner …
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Are financial statements relics of the past? A myriad of financial tools and alternative sources of information have crowded a space once dominated by financial statements and the accountants who prepared them. But as AI grows more sophisticated and the sources of financial data continue to expand, can CPAs maintain their role at the centre of econ…
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When a World Economic Forum study found accountants and auditors to be the fourth most likely professions to decrease, it was "a huge wake-up call for the industry," said Tim Jackson. He is chair of the Competency Map Task Force, responsible for creating CPA Canada's new competency map. In this episode, Tim describes both the daunting challenges CP…
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Our first episode explores what sustainability means in the financial world and what role CPAs play in creating a greener future. Davinder Valeri, CPA, CA. Davinder (director of strategy, risk and performance with CPA Canada) and EY Canada East Leader Anne-Marie Hubert discuss this critical shift in the future of our accounting profession. They dis…
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Foresight: the CPA Podcast is set to launch July 15, 2021, but here's a small taste of what you can expect to hear. David McGuffin is the host for the English episodes in the series. David has reported around the world as a journalist for CBC. He was most recently a Supervising Editor for National Public Radio in Washington DC. Episodes four and fi…
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