Digitalisation of accounting information in the last two decades has changed and improved how accountants work. The advancement of technology has freed accountants from the drudgery of menial and mundane tasks, enabling them 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. The ability to solve unstructured problems and making judgements may no longer be the defining qualities of humankind.
“Our Future Together” was jointly organised by the Institute of Singapore Chartered Accountants (ISCA) and the Institute of Chartered Accountants in England and Wales (ICAEW) to encourage thought leadership in the future of the accountancy profession in Singapore and beyond. We hope that this publication would inspire professional accountants to critically think about what the future holds for Singapore and the accountancy profession.