In an increasingly digitalized world, adapting to the demands of the present and future is not merely a trend, but a necessity in many professions, including accounting. This topic, along with the dynamics and innovation in accounting practices, and how professionals in the field must adapt to remain relevant and efficient, was discussed in an interview with Sarah Ghosh, FCMA, CGMA, President of CIMA and Co-Chair of the Association of International Certified Professional Accountants, representing AICPA & CIMA.
CECCAR Business Magazine (CBM): Digital transformation is reshaping the accounting profession. What is the key to innovation in accounting practices and what should accounting professionals do to be fit for future?
Sarah Ghosh (SG): I am very pleased you started with this question, as it is the top issue facing the profession. It also links nicely to why AICPA & CIMA want to work closely with CECCAR to support the profession in Romania.
We are seeing emerging technologies, like artificial intelligence, robotic process automation, and machine learning are increasing the profession’s efficiency, enabling us to drive more value and have more purposeful jobs. I know this from experience. My own background is in computer science, and I’ve worked on IT projects with major publicly listed clients, developing operational and financial systems across the motor and banking industries. I can tell you with confidence that we are on the cusp of a digital revolution which is going to change our roles and the profession beyond recognition.
