Preparing Future-Ready Professionals
Did You Miss the Future of Technology in Accounting Summit? You Can Still Benefit by Watching the Sessions
Helen Partridge | January 30, 2023
With the ever-growing and fast-paced technological evolution, the accountancy profession needs to continue to transform, and as pace of change is not slowing, the accountancy profession can’t either. In this period of transformation, it is important to recognize that accountants have the necessary skills and competencies to lead and adapt to technology.
The 2022 three-day EdExchange: The Future of Technology in Accounting Summit featured experts who face head-on technology change’s depth and impact. Ben Elder, Meta’s Global Head of Strategic Partnerships, shared the potential of the metaverse to connect people within the workplace, school, and other gatherings, encouraging better education and development. Imagine a world where we can fully be present in a meeting with our colleagues, without actually having to be in the same physical space. We heard from Paul Goodhew and Arun Misra from EY, who assured attendees that a core foundation in technology will make any professional accountant thrive. Leveraging artificial intelligence and Robotic Process Automation directly corresponds with the capabilities of an accountant that will advance client and user experience, profiling, and risk response, as well as analytics and data.
The summit provided listeners with a greater understanding of the upcoming technology advances and a glimpse into its impact on the accountancy profession. We challenged attendees to embrace the changes we currently face—by absorbing, practicing and implementing technology. Taking the first step towards acquiring the necessary skills, competencies and knowledge is the most important. Although there is a valid hesitation when it comes to embarking on this journey with technology, it is critical to staying relevant.
Read the full WEF report on the World Economic Forum website.
The time to develop the accountancy profession and the individual professional accountants who are delivering services every day is now!
Director, Accountancy Education
Helen Partridge leads the accountancy education work at IFAC. In this role, she has oversight and leadership of IFAC’s global approach to advancing accountancy education working together with the International Panel on Accountancy Education. Advancing accountancy education is integral to IFAC’s vision of a dynamic, future-focused global profession that is essential to strong, sustainable organizations, financial markets, and economies. Competent and credible professional accountants, committed to lifelong learning, underpin this vision. Prior to joining IFAC, Helen was an accountant in practice, having spent 16 years in audit, advisory and audit systems design in the US and Asia Pacific. She has also served in the controllership at a large multinational transportation company working with GAAP conversions, financial statement preparations and complex and significant transactions such as business combinations and tax planning. In addition, Helen presently serves two not-for-profit boards and is a CPA licensed in multiple states in the United States. See more by Helen Partridge
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