Digital technologies and the future of accountancy work
As digital technologies transform business models, industry sectors and the workplace, the financial sector has become increasingly affected. Oxford University's Carl Benedikt Frey outlined the challenges posed by these technologies in his webinar: "The future of work and the accounting profession".While the accounting profession has ancient roots, its tools and techniques have always evolved. New technologies are continuing to increase the efficiency, effectiveness, speed and scale of accounting tasks and relationships.
The emergence of capabilities, such as cloud computing and data analytics, enable accountants to do things even quicker, cheaper, better and with less human intervention, helping them to provide a vastly improved service.