Accountants Taking Lead Role on AI as Investments Ramp Up
The ACCA, Association of Chartered Certified Accountants, conducted a survey of 900 accounting leaders The study found that mid to large sized business are investing the most resources, averaging $500k investment in AI for firms that have revenue greater than $1 billion. 75% of respondents indicated plans to increase investment in AI. Of note, the article states the ACCA report's conclusion that the role of accounting and finance professionals will evolve to serve as a "bridge" helping companies leverage data to help develop business strategy. AI is seen as having an impact on the accounting role that will be "both exciting and transformative".
