Episode 67. In today's news episode, we discuss "The Shortfall of Technical Expertise in Accounting." In these segments, we pick out key trends and events in accounting and fintech media and analyse/interpret them for accountants in practice. Key takeaways from this episode include:
✓ the difference between an accounting industry and an accounting profession
✓ what accounting practitioners aged 41 and under feel are the biggest challenges of new technologies
✓ the difference in thinking between 'switched-on' accounting firm partners and the rest
✓ which technologies will be the most disruptive for the accountancy sector in the next few years
✓ why artificial intelligence or AI will be a game changer in accounting
✓ where the knowledge and skills gaps are with accountants when it comes to technology
✓ what stops many accountants and CPAs from becoming trusted advisors
✓ how the call for advisory in accountancy has been present for 30 years, and accelerated by covid
✓ the two different futures for accounting practices who can react in different ways to the impact of technology
✓ the trend of tech companies luring qualified accountants away from private practice
Source: https://www.accountancyage.com/2022/03/29/accounting-industry-sees-shortfall-in-techxpertise-says-ifa-survey
NOTE TO LISTENERS:
The Accounting Influencers Podcast is a CPE-accredited daily radio-style show with four segments coming out every Monday which are repeated on the other 4 weekdays as standalone episodes, plus a bonus 'from the client's perspective' episode on Saturdays. On Sundays, listeners get a short min trailer for the coming week's episodes.
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