Accounting and finance professionals and the new automated roles

More than nine in ten finance and accounting professionals (92 per cent) are optimistic about increased automation in the profession.  Despite the increasing role of technology, only 12 per cent believe their job will be completely automated within the next five years, with most seeing new tools

as an opportunity rather than a threat.  

Emerging technologies are set to transform the finance and accounting sectors, with many professionals already feeling the impact on their day-to-day responsibilities, and it’s encouraging to see that, far from being intimidated or threatened by these new ways of working, the majority of professionals are excited and optimistic, believing automation will improve and expand their role in the coming years.

Couple that with a new corporate governance code that aligns the pay of top execs and workers.  The code includes requirements for UK firms to ensure board appointments are “based on merit” rather than “group think”. It also proposes giving pay committees broader responsibility and discretion over exec remuneration and is more specific on what steps need to be taken when companies encounter significant shareholder opposition. Will be essential to restoring trust in business, attracting investment and ensuring the long-term success of companies for members and wider society.

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