University of Maryland Global Campus

10/10/2024 | Press release | Distributed by Public on 10/10/2024 07:39

The Financial Industry Needs Accountants with Cybersecurity Skills

The role of the accountant has undergone a seismic transformation. Once viewed solely as a company's bookkeeper, accountants now serve as trusted advisors operating in a fast-paced digital landscape rife with cybersecurity threats.

That is why expertise in cyber accounting is the new vanguard in the war against cybercrime.

A recent curriculum gap report prepared by the American Institute of Certified Public Accountants (AICPA) and the National Association of State Boards of Accountancy (NASBA) highlights significant shortfalls in college-level accounting programs, particularly in I.T. governance and cybersecurity, topics excluded by half of accounting programs. Those findings prompted AICPA and NASBA to jointly initiate the CPA Evolution-an initiative to develop a revised examination to certify public accountants.