Accounting professionals next in line for "job transformation"

SINGAPORE: The Singapore Accountancy Commission and the Singapore Economic Development Board have launched a new "job transformation map" for the accounting profession.

This report acts as a blueprint for industry-wide job redesign, and features a key focus on an HR Tech Transformation Program specifically. Research behind the job transformation map indicated there was a need for the accounting profession to embrace technology in order for it to remain competitive and relevant.

The map calls on the industry to focus on redesigning jobs to become more process-oriented for improved efficiency and accuracy. It will also look to upskilling accounting professionals in technology and soft-skills.

Technology skills that are increasingly in demand include the application of artificial intelligence, cloud computing, data analysis and interpretation as well as robotics and automation.

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