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How Accountants & CPAs Can Win the War on Automation
Manage episode 350781784 series 3369425
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It's the "Insights in Accounting" show, every Tuesday to 150 countries and 30,000 accounting practitioners, fintech specialists and influencers in the accountancy, CPA and bookkeeping space.
In today's episode 23, "How Accountants & CPAs Can Win the War on Automation" with special guest Will Farnell, founder of innovative UK accountancy firm Farnell Clark and author of The Digital Firm. https://www.linkedin.com/in/willfarnell
You can also watch this on youtube here: https://youtu.be/mxsVEuf3Qyw
Key takeaways from this episode include:
✧ the key aspects of automation technology in accounting and how it could affect the job market
✧ whether automation is more of a problem for smaller or bigger accountancy firms
✧ where the majority of innovation takes place in the accounting sector
✧ the strategic advantages accounting firms can create with automation to better serve their clients
✧ the shifts required in the skillsets and services of accountancy firms to remain competitive
✧ the importance of soft or enterprise skills that accountants must develop to compliment automation - machines need humans and vice versa
News source: https://www.accountancyage.com/2022/10/21/upskilling-required-by-firms-to-offset-threat-of-accounting-automation/
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