Adrian JohnsonTLDR:
- Imtiaz Ahmad FCCA discusses the impact of technology on accounting and the benefits of AI in his practice
- ACCA UK’s Head of Technology, Alistair Brisbourne, talks about AI in the finance profession and its effects on accountants
In a recent article on FutureCFO, Imtiaz Ahmad FCCA and ACCA UK’s Head of Technology Alistair Brisbourne, PhD discuss the role of artificial intelligence in the accountancy profession. Imtiaz Ahmad shares insights from his experience on how technology has changed accounting practices, emphasizing the advantages of AI in his own work. Alistair Brisbourne delves into ACCA’s ‘AI in the Finance Profession’ report, highlighting surveys on the concerns of current ACCA students and members, and outlining his beliefs on how AI will impact the roles of accountants in organizations in the coming years.
Imtiaz Ahmad discusses how the advancements in technology, particularly AI, have revolutionized the accounting landscape, enabling greater efficiency and accuracy in financial processes. He emphasizes the importance of embracing these technological advancements to stay competitive in the field of accounting.
Alistair Brisbourne sheds light on the findings of ACCA’s report, pointing out that while AI holds great potential to streamline financial tasks and decision-making processes, there are concerns among accountants about the impact of automation on their roles. He highlights the need for accountants to adapt to these changes and enhance their skills to remain valuable contributors within organizations.
Overall, the article underscores the transformative impact of AI on the accountancy profession and the imperative for accountants to upskill and leverage technology to thrive in the evolving digital landscape.
