The confluence of disruptive forces such as accelerating technology change, a rapidly ageing population and globalisation are re-shaping Singapore’s future economy. The future of the accountancy profession is deeply intertwined with Singapore’s future economy. The “new economy” of the future presents new challenges and opportunities to Singapore and the accountancy profession.
Digitalisation of accounting information in the last two decades has changed and improved how accountants work. The advancement of technology has enabled accountants to perform more thoughtful work such as analysing and advising enterprises on the financial implications and impact of various business decisions. The future is getting even more exciting as technology becomes more adept in machine-learning and develops intelligence surpassing the complex human brain.
To remain relevant to tomorrow’s world and to stay ahead of the game, the accountancy profession should learn to “disrupt” itself to pre-empt the implications of change. Being proactive will help the accountancy profession to stay in and ahead of the game. With this in mind, we promote and facilitate dialogue to understand emerging issues, to enable our members to stay ahead of the curve. We seek to inspire professional accountants to critically think about what the future holds for Singapore and the accountancy profession.