steve yoss, quick tech talk: automation for accountants

quick tech talk
with steve yoss
cpe today
a major risk facing the profession, whether you’re in tax accounting, or you’re in general accounting, audit assurance government, or really any aspect of financial reporting and in work is the fact that, overall, the profession is shrinking. if we look at 2024, there are fewer accountants this year than last. and there’ll be fewer accountants next year than there are this year.
so many of our colleagues have had great careers but are aging out and retiring. unfortunately, not enough younger people are choosing to become financial professionals in any category, whether doing tax returns, general bookkeeping, assurance work, etc. tools like automation and ai are necessary to bridge the gap and continue to service our clients and organizations unless we can find a way to get more people engaged in the profession. we’re going to need to lean on technology to be able to bridge the gap and to be able to continue to get the same amount of work done.