Salvatore J. Armao is a certified public accountant and the managing partner at Armao, LLP, in Garden City, New York, where he is in charge of the firm’s administration, client services, and operations. In an effort to better serve his New York-based clients, Salvatore J. Armao stays abreast of current trends through membership in professional groups such as the American Institute of CPAs (AICPA).
In October 2018, the AICPA announced that it has begun working with leading accounting firms nationwide to create new, disruptive technology that will completely re-imagine how auditing is performed. Altogether, the organizations have put forward $50 million to develop a Dynamic Auditing Solution, which will be developed by CaseWare International, the AICPA’s technology partner. CaseWare is also investing money of its own to expand its cloud infrastructure in order to support the new auditing platform.
In his comments, AICPA president and CEO Barry C. Melancon, CPA, CGMA, said that his organization has chosen to embrace the impact that cloud technology can have on the auditing space, rather than approach the technology from a cautious perspective. Aligning with his vision, approximately 40 percent of the organization’s Major Firms Group have contributed financial backing to the Dynamic Audit Solution project.
