We’re proud to announce that our Managing Partner, Ken Pun, has been nominated for the Innovative Practitioner 2020 award from the American Institute of CPAs (AICPA) as part of their annual conference, Digital CPA 2020. The award is presented to members of the accounting profession whose innovation and thought leadership drive the industry forward.
Innovative Approach to Risk Management
AICPA recognizes Ken’s commitment to utilizing new technologies to help clients minimize risk. Under Ken’s direction, our accounting firm launched Transaction Analysis Services (TAS), a leading-edge technology-based solution to help our clients manage risk throughout the year. Ongoing monthly or quarterly checkup reports enable us to surface and resolve potential issues before they harm our clients’ businesses. This helps organizations become more proactive about managing their risk profile in real-time, instead of being forced into a reactive position when faced with an audit or during tax season.
The Power of Machine Learning
As part of our accounting firm’s Transaction Analysis services, we tap into the robust capabilities of artificial intelligence (AI) to identify areas of elevated risk. Ai Auditor is sophisticated software that analyzes transaction data and reveals fraudulent transactions or misrepresentations that warrant closer inspection by our seasoned professional teams.
“I believe in the importance of utilizing technology to augment the capabilities of tax and assurance professionals. Because machines can process incredible amounts of data at lightning speed, it makes sense to tap into this functionality as a means of managing risk for our clients.” Ai Auditor has the ability to pinpoint risk patterns by users, customers, vendors, time periods, and more.
Industry Recognition
Ken’s focus on harnessing the power of technology to advance the abilities of the accounting field as a whole have garnered recognition from his esteemed peers. According to AICPA’s website, “Ken Pun’s role in championing the exploration, testing, and adoption of AI technology and offering a service to provide an economical option for organizations, beginning with municipalities, demonstrates a move to equalizing the benefits of AI.”
CPAs and other accounting professionals can cast their vote for the 2020 Innovative Practitioner Award here. The winner will be announced at the 2020 Digital CPA Virtual Event on December 8, 2020.
For more information about how we employ cutting-edge technologies – or to congratulate Ken on his nomination – contact The Pun Group today.