A new report from the AICPA and CIMA, based on input from thousands of global professionals, suggests the accounting profession must shift from historical analysis to future forecasting by 2040. This transformation is driven by technological advancements, particularly generative AI, alongside demographic shifts and evolving regulatory landscapes. The initiative highlights the need for new skills, including data science and strategic thinking, and proposes training programs to prepare professionals for these changes. AI
IMPACT The accounting profession is expected to integrate generative AI and new skill sets to shift from historical analysis to future forecasting by 2040.
RANK_REASON The article discusses a report and initiative about the future of accounting, rather than a direct release or significant industry event.
- AI accelerator
- American Institute of Certified Public Accountants
- Cima
- generative artificial intelligence
- Profession Ready
- Rise2040: Shaping the Future of Finance and Accounting
- Tom Hood
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