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Study: Team integration, automation and client education top list of accounting industry challenges in the UK

Accounting Insight

A study by digital pension platform Penfold and Kaizen Accountancy Services has revealed that team integration, automation and client education are the top three challenges accountants face today. However, educating clients and business leaders on the advantages of involving finance teams remains a recurring challenge.

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Automation: the time liberator accountants can no longer ignore

Accounting Insight

This has prompted many businesses across the UK to think hard about the role technology can play, and accounting firms are no exception. A number of accountants and firms have jumped onboard the technology train, with one report showing that 86% believe tech will significantly grow and support their practices over the coming year.

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Profession Must Strategize for AI, Other Technology Advances and Disruptions

CPA Practice

Dozens of the accounting profession’s top thought leaders, influencers and technology pioneers met in Las Vegas ahead of the 2023 AICPA Engage conference to discuss the technologies, trends and other factors that will affect the profession and commerce in the coming years. But steps must be made to anonymize the information.

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AICPA Engage Conference Draws 3,500 Accounting Pros for Education, Networking

CPA Practice

More than 3,500 accounting, tax and financial professionals convened in Las Vegas this week for the 2023 AICPA/CIMA Engage Conference, the largest annual educational and network event hosted by the American Institute of CPAs and the Chartered Institute of Management Accountants. We’ve come a long way,” said Boomer. “I

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2024 Accounting Firm Technology Predictions

CPA Practice

And no area of the firm’s strategy has been more impacted than information technology, especially with the advent of generative AI (i.e. This includes designating trainers/expertise within the firm to monitor developments, document learned practices, and drive the implementation of new technologies. ChatGPT, Bard, LLaMA, etc.)

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Accounting Automation Evolution: Augmented or Artificial Intelligence

CPA Practice

Technology has made significant contributions to the practice of accounting and is on the verge of another evolution with the advent of artificial intelligence tools coming into the mainstream. This is not to say that existing accounting applications and the tools we use to run our practices do not have some intelligence built in.

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Tech news: Certinia stresses automation and analysis in latest release

Accounting Today

Plus, LeaseCrunch announces webinar on lease changes and remeasurements; and other accounting technology updates.