As accounting becomes increasingly digital, the role of the professional accountant is changing rapidly. Technologies such as cloud accounting, artificial intelligence (AI), robotic process automation (RPA), data analytics, blockchain and integrated accounting information systems are transforming how financial information is processed, analysed and reported.

This session will explore how automation is reshaping traditional accounting activities and what this means for the future role of accountants. While digital technologies can improve speed, accuracy and efficiency, they also introduce new risks around data quality, cybersecurity, system controls, ethics and accountability.

A key focus of the session will be the continuing importance of professional judgement and responsibility. As more decisions and processes become automated, accountants must be able to understand and challenge system-generated outputs rather than simply rely on technology.

This session will cover:

• The digital transformation of accounting and the rise of cloud-based systems
• AI, automation and robotic process automation in accounting
• How the role and skills of professional accountants are changing
• The importance of professional judgement when using automated systems
• Ethics, accountability and responsibility for technology-driven decisions
• Cybersecurity, data privacy and confidentiality
• Internal controls, audit trails and risks within automated systems
• The impact of digital accounting on auditing and financial reporting

How data analytics can support forecasting and strategic decision-making

• The opportunities and challenges of digital accounting in developing economies

The session will also consider how accounting education and continuing professional development must evolve to ensure accountants have the digital, analytical and ethical skills needed to work effectively alongside emerging technologies.

At the heart of the discussion will be one important question:

As accounting becomes increasingly automated, who remains responsible when technology gets it wrong?

This session is suitable for accountants, auditors, finance professionals, students and anyone interested in understanding how digital transformation is changing the profession and the responsibilities of those working within it.