An American Institute of CPAs (AICPA) released report encourages finance industry professionals to bolster their skills to account for the impact of artificial intelligence, robotic process automation, and other technologies.
AICPA officials said the analysis indicated over 50 percent of finance leaders believe their teams’ competencies must change significantly over the next three years, in the wake of new technologies conducting traditional tasks.
“Technological advancements such as cloud computing, robotic process automation, and AI are radically changing our world and the way business is conducted,” said Ash Noah, managing director of CGMA Learning, Education & Development at AICPA. “For finance professionals, this means there is an imperative to move beyond their comfort zones to develop digital intelligence to meet the new demands of business.”
The study involved more than 5,500 finance professionals across 2,000 organizations in 150 countries. As a means of helping finance professionals develop the skills and competencies to future-proof their careers, AICPA offers a library of learning tools and leading-edge resources focused on technology.
The resources include the updated Charted Global Management Accountant Competency Framework, which provides employers and professionals with a roadmap to identify the necessary skills and competencies and assess where there are gaps. Also included in the AICPA library is the CGMA Finance Leadership Program, which offers an on-demand, personalized learning journey to guide finance professionals to develop a mastery of the technical, business, leadership and people skills required for business today. Lastly, AICPA offers the Go beyond+ disruption learning series, which includes certificate programs, courses, webcasts and podcasts in areas such as blockchain, data analytics, cybersecurity, artificial intelligence and robotics process automation.