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Digital skills industry press

The Library & Information Service provides a hand-picked collection of industry press articles on digital skills as a benefit of ICAEW membership.

The Library & Information Service provides a hand-picked collection of industry press articles as a benefit of membership. If you are unable to access an article, please see our Help and support or contact library@icaew.com

The ongoing evolution of bookkeeping

Article looks at how bookkeeping is moving from the back office to the frontline a s a consequence of Covid-19 and technological advances. Roles have experienced considerable change, moving from historical-facing compliance to forward-looking support.

Taking a look into the future

Article looks at how data analytics and forecasting tools are critical for the accountancy firms of tomorrow.

It's time for leaders to get real about hybrid

Article looks at the disconnect between employers wanting people back in the office and their employees not wanting to return.

Three keys to building a more skilled postpandemic workforce.

Article discusses the need for new workplace skills in the wake of the pandemic and the move to hybrid working . Employees are energized by it being made clear that reskilling was an investment in talent and directly supported growth plans.

The spread and use of blockchain

Article looks for evidence that companies have moved from investigating the use of Blockchain to successful adoption.

Introduction to blockchain

Article looks at what blockchain means for the accountancy profession as well as a brief overview of the history of blockchain and how it works.

Latest trends in blockchain and crypto

Article outlines some recent developments in distributive ledger technology and cryptocurrencies and what they might mean for accountants and finance processionals moving forward.

Your 5-year upskilling plan

Author discusses how business success and professional development both rely on continuous upskilling and keeping current with technical opportunities and challenges as they arise.

Digital assets: does the perception match reality

Article dispels some of the common misconceptions about digital assets and provide a starting point for accountants to better understand the impact of the new digital asset ecosystem on the accounting profession.

Triple‐entry accounting with blockchain: How far have we come?

Article discusses how blockchain and FinTech has led to the emergence of another promising accounting method: triple‐entry accounting which, when properly implemented, can fundamentally improve accounting.

With data visualization

The article discusses the importance for management accountants and finance professionals to learn about data visualization, its application to finance, as well as the tools and skills needed for its utilization to effectively transition to their role as strategic advisor in business.

The future is yesterday

Article discusses the skills that accountants should have to provide value to clients and employers and increase their chances of success with the growing use of technology in the profession.

Upskilling is the path forward

Article reports that upskilling accountants is gaining importance amongst accountancy firms and details the essential skills that emerging accountants should equip themselves with.

A data driven approach to the pandemic

The article discusses how management accountants and other professionals are leveraging new technologies like data analytics to resolve issues created by the COVID-19 pandemic in their professions. Also cited are the digital strategies that can be used by professionals and businesses like cloud computing, Internet of Things (IoT), big data, and natural language processing, and how data analytics can be used in sectors like healthcare, finance and accounting, and retail.

New skills for auditors: as their field changes, so do the talents they need to bring to their work

Article looks at the new skills that auditors now require involving technologies such as blockchain, and data analytics.

Case studies: AI & data analytics: three firms share how they're using the tools of the future

Article detail how three accounting firms of different sizes have used the wider applications of the technology in forecasting, planning, consultation and advisory services.

New skills for auditors: resume for a future auditor

Article looks at how auditing is rapidly changing and what skills auditors will need in the future.

RPA is ready for its close-up

Article looks at how robotic process automation is delivering big benefits for accountancy firms and is not out to replace employees but to augment their roles and allow them to focus on higher value work.

Upskilling with RPA: prepare for the technologies that will change the face of finance and accounting

The article discusses the emerging use of robotic process automation (RPA) in finance and accounting processes and emphasises the importance for finance professionals to understand how to play a role in RPA implementation.

The path to industry 4.0 implementation

Article describes 'Industry 4.0'- the revolution in the companies do business which is occurring at a faster pace than any transformation in business history. This revolution is all about connectedness and will impact the roles of accounting and finance professionals.

Upskilling management accountants

The article examines the factors that drive the need for upskilling, the upskilling strategies used by leading companies, why management accountants need to upskill, and strategies to promote upskilling in an organization.

The AI-human connection: the first step in making the most of this new technology is for accountants to learn to start trusting it.

Article looks as at the fact that even though accountants don't necessarily need to know how how Artificial Intelligence works they do need to know what it's use means for their staff and clients. It also looks at AI usage by the BIg Four firms.

AI and the accounting function

In this paper the authors evaluate the current ability of the accounting function to accommodate the introduction of Artificial Intelligence (AI) in an organisation. Accounting tasks that can utilise AI are looked at and a framework for AI in the accounting function is discussed.

Blockchain and accounting governance

This paper explores blockchain's impact in the areas of assurance and financials reporting and provides guidance for organisations and auditors utilizing blockchain.

Clinging to excel as a security blanket

This paper investigates evidence that suggests that practicing accountants may be resistant to data analytics practices, despite warnings that the profession needs to embrace and adapt to big data and data analytics, and seeks to understand factors that may influence this resistance to adopting new data analytics technologies.

The impact of big data on finance

The article examines the impact of the implementation of Big Data in companies on accounting and finance professionals. It also describes areas where accountants and finance professionals can create value around Big Data, including data governance and organizational risk management.

Unlocking new potential

This article looks at blockchain technology and how its various applications will bring many opportunities to the accounting profession.

Driving digital finance

The article discusses the role of the accounting and finance team in achieving digital transformation to help companies succeed.

Exploring the use of Robotic Process Automation (RPA) in substantive audit procedures

This article uses a case study of an accounting firm’s employee benefit plan audits to demonstrate how RPA has the potential to improve audit quality.

Meeting the challenge of Artificial Intelligence

The article offers information on the challenges of Artificial Intelligence (AI) in accounting. Topics discussed include accountancy firms hiring new non-accounting graduates to integrate new tools an understanding AI and AI enabled tools in accounting.

Forensic accounting and the use of Artificial Intelligence

Article looks at the significance of AI for forensic accountants - allowing them to access unstructured evidence and the sheer volume of data that manual methods of data management and analysis could not cope with.

Firm leaders look to technology to drive future change

The article focuses on the role of technology in bringing change to the delivery of accounting and consulting services. Topics discussed include technologies include blockchain, artificial intelligence, and robotic automation, digital services include cyber-security, IT advisory services, and data analytics services, and increasing the competence and skill of professionals.

Can RPA improve agility?

The article discusses the use of robotic process automation (RPA) in accounting firms in relation to the notion of agile organizations. Topics include the relation of RPA to the automation life-cycle process in finance, the relation of RPA to compliance and labor productivity, and the calculation of cost savings and return on investment (ROI) for RPA.

The audit transformed

The article looks at how ,faced with vast pools of data, regulatory pressures, and growing client expectations, today's auditors are walking a tightrope. The article mentions about the innovative technologies like artificial intelligence and automation are changing the game and enabling auditors to do their jobs with less risk and greater efficiency

Digital transformation for today's CPA firms

The article discusses digital transformation for accounting firms in the U.S. as of October 2018. The accounting sector reportedly face cultural and practical barriers to digital adoption as it is led by an older workforce and is struggling to attract younger talents. Also discussed are the investments needed for digital transformation and its benefits.

The impact of disruptive technologies on accounting and auditing education

The article discusses the technological changes to the accounting profession and the need for graduating students to prepare for the accounting workplace. Topics discussed include the reshaping of business models by various disruptive technologies such as robotic process automation, artificial intelligence (AI), and blockchain, the loss of entry-level jobs and training for accounting students.

Technological disruption in accounting and auditing

The article examines technological disruption in the methods of business measurement and assurance and provides some discussion on this matter within the frame of technological evolution and the proper functioning of financial markets; and mentions that the design of a continuous assurance system could be greatly improved as cloud storage, blockchain, smart contracts, ubiquitous network and communication, and interface standards become available.

Brace for impact

The article reports that the impact on the accounting profession of technologies like robotic process automation, artificial intelligence, and blockchain over the next five years will be nothing short of profound.

Are Robots helping or hurting the future workforce?

The article offers information on advantages and disadvantages of robotic process automation in accounting firms in the U.S. Topics discussed include increase in the speed of the activity and eliminates human errors; allows employees to focus on stimulating projects and challenges of greater strategic importance; and replacement of a person's intellectual and emotional value.

Blockchain and the future of accounting

The article offers information on blockchain and its impact among certified public accountants (CPAs). Topics include the need for CPAs to be aware of certain technology advances that could affect the sector such as the blockchain, various benefits offered blockchain to CPAs such as exchange of information and peer-to-peer transactions, and two conflicting views about the technology such as skepticism and enthusiasm..

Brace yourself for AI & blockchain: There's less threat and more opportunity in emerging technologies than many think

The article discusses the opportunities provided by artificial intelligence (AI) and blockchain technologies to the accounting profession. Topics discussed include the threat to the profession where software performs business functions and data validation operations, their helping accountants to boost business revenue and details regarding AI as an emerging technology.

Can blockchains serve an accounting purpose?

Study looking into whether blockchain could be implemented as a financial reporting tool.

Big data in business analytics: implications for the Audit Profession

Use of the term "big data" has become as pervasive as the phenomenon itself. The authors attempt to define the term as it relates to auditing, providing examples of the benefits and obstacles to integrating big data into the audit practice of the future. They also discuss how professional standards may need to change to accommodate the technology.

An introduction to data analysis for auditors and accountants

The article offers information on data analysis for auditors and accountants. It presents the best practices for the process of applying analytics by these professionals, with an emphasis on audit by exception (ABE). It is said that technology has transformed auditing and created a wealth of data that can be leveraged by accountants and auditors with the requisite mindset.

The Power of financial automation

The article focuses on the need to automate tedious, manual accounting work which consume the time and effort of accountants. The efficiency and effectiveness resulting from automation free accountants to focus on analysis and input, the reason accountants pursued the profession in the first place. Three powerful approaches for using finance automation to transform the way accounting and finance function in an organization are described.

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