The IFAC Technology Matrix is a quick guide to help stakeholders understand and access the breadth of technology resources available from IFAC, as well as the International Auditing and Assurance Standards Board (IAASB), the International Ethics Standards Board for Accountants (IESBA) and the International Public Sector Accounting Standards Board (IPSASB). Where possible, IFAC resources are categorized using technology ABCs:
A |
B |
C |
D |
E |
Other Tech Content |
| Artificial Intelligence | Blockchain | Cyber-security | Data & Governance | Ethics | Content not falling within A, B, C, D or E |
The Matrix will be updated periodically throughout the year; all IFAC technology-related materials are also available using the Technology content tag.
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SMALL- & MEDIUM-SIZED PRACTICES
Cyber Security
- Cybersecurity Is Critical for all Organizations- Large and Small (October 2023)
- Exploring the IESBA Code, A Focus on Technology - Artificial Intelligence (March 2022)
Other Technology Content
- The Benefits and Challenges of Smaller Accountancy Practice Digitisation (January 2023)
- Challenges, Initial Steps and Key Resources for Small Firm Digitalization (October 2022)
- Insights on Small Firm Specialization with an Enhanced Focus on Business Advisory Services (Feb 2022)
Podcast Series
- The Fast Future With IFAC Podcast Series: Episode Nine | IFAC (September 2023)
- The Fast Future With IFAC Podcast Series: Episode Eight | IFAC (August 2023)
- The Fast Future With IFAC Podcast Series: Episode Seven | IFAC (July 2023)
- The Fast Future With IFAC Podcast Series: Episode Six | IFAC (January 2023)
- The Fast Future With IFAC Podcast Series: Episode Five | IFAC (September 2022)
- The Fast Future With IFAC Podcast Series: Episode Four (August 2022)
- The Fast Future With IFAC Podcast Series: Episode Three (May 2022)
- The Fast Future With IFAC Podcast Series: Episode Two (March 2022)
- The Fast Future With IFAC Podcast Series: Episode One (February 2022)
Webpage
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KNOWLEDGE GATEWAY
Ethics
- E-Governance as an Anti-corruption Strategy: The Nigerian Experience (July 2023)
- Paper 4: Mindset and enabling skills of professional accountants (April 2022)
- Paper 3: Identifying and mitigating bias and mis- and disinformation (Feb 2022)
- Paper 2: Technology is a double-edged sword with both opportunities and challenges for the accountancy profession (Dec 2021)
Other Technology Content
- Meet Global E-commerce Pioneer Maria del Dado Alonso Sanchez (Dado), Group CFO at BBG and Professional Accountant in Business (PAIB) (October 2023)
- Why Professional Accountants Need to Care About Cybersecurity (October 2023)
- AI & Intelligent Automation – Disrupting Business; Elevating the Work of Accounting & Finance Professionals (October 2023)
- Deploying Emerging Technology to Fight Corruption (January 2023)
- Achieving Greater Collaboration, Security and Transparency in Bulgaria’s Exam Preparation Through Digitalization (August 2022)
- Digital Transformation & Innovation in Auditing: Insights from a Review of Academic Research (August 2022)
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PROFESSIONAL ACCOUNTANTS IN BUSINESS
Data & Governance
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PROFESSIONAL ACCOUNTANCY ORGANIZATION DEVELOPMENT
Articles
IFAC & CloudThing's PAO Digital Assessment Tool Series: Part 1-11
- IFAC & cloudThing’s PAO Digital Assessment Tool Part 1: How To Assess Your Organizations Culture & Capability Ahead of a Digital Transformation
- IFAC & cloudThing’s PAO Digital Assessment Tool Part 2: Assessing Your Organization’s Vision & Strategies Ahead of a Digital Transformation
- IFAC & cloudThing’s PAO Digital Assessment Tool Part 3: How Close Are You to Adding Automation to Your Business Systems?
- IFAC & cloudThing’s PAO Digital Assessment Tool Part 4: Effective Talent Management Within A PAO
- IFAC & cloudThing’s PAO Digital Readiness Assessment Tool Part 5: Is Your PAO Developing Products & Services Efficiently?
- IFAC & cloudThing's PAO Digital Assessment Tool Part 6: How To Empower Your Sales & Marketing With New Technologies
- IFAC & cloudThing's PAO Digital Assessment Tool Part 7: How Are You Driving Digital Engagement Amongst Your Members?
- IFAC & cloudThing's PAO Digital Assessment Tool Part 8: Are Your Learning & Qualifications Processes Digitally-Led?
- IFAC & cloudThing's PAO Digital Assessment Tool Part 9: The Role Governance Plays in a Digital Transformation
- IFAC & cloudThing’s PAO Digital Assessment Tool Part 10: Applying Predictive Insights to Your Data (June 2021)
- IFAC & cloudThing’s PAO Digital Assessment Tool Part 11: The Role of Change Management in Digital Transformations
Additional Resources
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ACCOUNTANCY EDUCATION
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EXTERNAL RESOURCES
Artificial Intelligence
- What in the world is ChatGPT? We asked a CPA to explain
- Excel tips: ChatGPT and generative AI
- Can you use AI and ChatGPT in your accounting practice?
- AI takeover, part 1: risks and opportunities for financial services
- AI takeover, part 2: ethical and regulatory implications for financial services
- The technology driving accounting professionals forward
- Future-proofing a career through AI fluency
- AI-generated video: The new tool for business
- From AI to auto-assessment, here’s everything you need to know to win this tax season
- The promise and peril of ChatGPT
- Case Study in Ethical Use of AI Today
- AI is not the enemy of accounting, but an enabler of progress
- ChatGPT in practice
- Generative AI: what accountants need to know in 2023
Automation
Blockchain & Cryptocurrency
- Blockchain, Cryptocurrency, and Management Accounting: Adopting the Technology While Mitigating Ethical and Governance Risks
- How to calculate crypto losses
- The use of cryptocurrency in business
- Accounting For Digital Assets
- What accountants need to know about crypto wallets
Cybersecurity
Emerging Software
- Excel tips: how to use the new data types feature
- Discover the best data visualisation tools 2
- 22 Excel shortcuts to supercharge your efficiency
- Best software integrations for accountants
- Why accountants should learn Python
- Learn Excel’s built-in artificial intelligence feature
- Tech Trends 2023
- Calm, focused, organised: calendar management, and apps.
- Perspectives Paper: Deciphering Technology
- Business trip essentials: 6 tech tools you need
- Technology – a future of finance report – part 1
- Technology – a future of finance report – part 2
- Excel Tips: Formula cheat sheet
- Excel Tips: Formula cheat sheet 2
- Is the future passwordless?
- 4 times accountants should consider alternatives to Excel
Human Capital
Online Networking
Standard-Setting Boards
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INTERNATIONAL AUDITING AND ASSURANCE STANDARDS BOARD (IAASB)
Webpages
Non-Authoritative Guidance
- Investigating Exceptions when Using Automated Tools and Techniques (February 2023)
- Audit Planning When Using Automated Tools and Techniques (December 2021)
Other Content
- IAASB Digital Technology Market Scan: Internet of Things Technologies | IAASB (May 2023)
- IAASB Digital Technology Market Scan: Digital Assets (March 2023)
- IAASB Digital Technology Market Scan: Robotic Process Automation (January 2023)
- IAASB Digital Technology Market Scan: Homomorphic Encryption (Oct 2022)
- IAASB Digital Technology Market Scan : Natural Language Processing (June 2022)
- Assurance in the Digital Age (July 2022)
- IAASB Digital Technology Market Scan: API Access (January 2022)
- IAASB Digital Technology Market Scan: Artificial Intelligence—A Primer (March 2022)
- Disruptive Technologies Roundtable Summary (March 2022)
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INTERNATIONAL ETHICS STANDARDS BOARD FOR ACCOUNTANTS (IESBA)
Webpage
Standards and Pronouncements
- Technology-related Revisions to the Code (April 2023)
- Proposed technology-related revisions to the Code (February 2022)
Non-Authoritative Guidance
- Applying the Code's Conceptual Framework to Independence: Practical Guidance for Auditors in Technology-related Scenarios (July 2023)
- Technology Landscape: Artificial Intelligence (December 2022)
- Technology Landscape: Blockchain (December 2022)
- Technology Landscape: Cloud Computing (December 2022)
- Technology Landscape: Robotics Process Automation (December 2022)
- Technology Landscape: Other Technologies (December 2022)
- Technology Landscape: Focus on Data Governance (December 2022)
- Technology and the Public Interest Accountability of Professional Accountants (December 2022)
- Technology and Multidisciplinary Teams (December 2022)
- Technology and the Potential Ethics Impact Behavior of PAs: Competence and Due Care (December 2022)
- Technology and the Potential Ethics Impact Behavior of PAs: Responsibility for Transparency and Confidentiality (December 2022)
- Technology and the Potential Ethics Impact Behavior of PAs: Objectivity (December 2022)
- Technology and the Potential Ethics Impact Behavior of PAs: Independence (December 2022)
- IESBA Technology Working Group Phase 2 Fact Finding Report
- Exploring the IESBA Code: A Focus on Technology
- Ethical Leadership in a Digital Era: Applying the IESBA Code to Selected Technology-Related Scenarios (September 2022)
- Exploring the IESBA Code, A Focus on Technology - Artificial Intelligence (March 2022)
Videos
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INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS BOARD (IPSASB)
- IPSASB monitoring stakeholder input for where 'technology' support may be useful. Currently no dedicated ongoing/identified initiatives raised by stakeholders. Monitoring continues.
- Monitoring potential developments on intangible assets (which could include software and other technology-related assets) at the International Accounting Standards Board. The IASB chair mentioned the topic at a standards-setter conference in September 2021, but no formal additions have been made to their work plan.
- The IPSASB’s Academic Advisory Group issued a call for papers for their 2024 Research Forum. Matters regarding technology-related intangible assets are typically addressed in IPSAS 31, Intangible Assets, which is covered by Research Area 3: Research on Adoption and Implementation of IPSAS 31, Intangible Assets (Post Implementation Review of Use of IPSAS). – To date, the submitted papers only related to general application issues in practice and did not touch on technology-related matters.
