AI and the future of the global Chartered Accountancy profession
In this episode, Chair of Chartered Accountants Worldwide and CEO of CA ANZ, Ainslie van Onselen is joined by Alex Russell, Associate Director at Ipsos Corporate Reputation, unpack the findings of the inaugural global AI research study conducted by CAW in collaboration with IPSOS UK.Artificial intelligence isn't just changing accounting—it's redefining what it means to be a chartered accountant. We've partnered with Ipsos UK to conduct the first global benchmarking study on AI in accountancy, surveying nearly 3,000 professionals across 48 countries, and the results challenge everything you thought you knew about technology's impact on our profession.The study reveals a profession eager to embrace AI but held back by two key barriers: a skills gap and concerns about data security. While digital natives demonstrate greater comfort with AI tools, enthusiasm spans all demographics and firm sizes. Importantly, chartered accountants overwhelmingly look to their professional bodies rather than employers to provide the education and guidance needed to navigate this technological revolution.Far from making accountants obsolete, AI emerges as a powerful ally that elevates the profession. By handling routine, process-driven tasks, AI frees professionals to focus on what truly matters—strategic thinking, critical analysis, and meaningful client relationships. As Alex Russell from Ipsos notes, "There's actually more of a role for accountancy in the future with AI than less." Senior leaders recognize this potential, with C-suite executives particularly concerned that adoption isn't happening quickly enough.The study outlines clear pathways to implementation, emphasizing clear objectives, proper governance, and comprehensive training. For professional bodies and firms alike, the message is unmistakable—invest now or risk falling behind. Those who successfully navigate this transition will transform the accounting experience for both professionals and clients, making the profession more attractive to younger generations by eliminating drudgery and emphasizing purpose-driven, strategic work.Ready to transform your practice? Download the full report from the Chartered Accountants Worldwide website and discover how AI can become your competitive advantage in a rapidly evolving profession.
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Global Challenges and the Drive for Sustainability with Carmine Di Noia (Director for Financial and Enterprise Affairs at the OECD)
In this special episode of Difference Makers Discuss Ainslie Van Onselen, Chair Chartered Accountants Worldwide & CEO CA ANZ, meets Carmine Di Noia, Director for Financial and Enterprise Affairs at the OECD.In this conversation Carmine sheds light on how finance professionals can tackle critical issues like the climate crisis and digital transformation, ultimately shaping cleaner, stronger economies. We explore the OECD's mission and its collaborations with the G20 and IMF, aiming to promote sustainable development and social equity.Our conversation takes a deep dive into the evolving corporate governance landscape, where digitalization and ESG principles are reshaping business practices. Discover the role of accountants amidst changing standards and the significance of responsible business conduct, especially in light of geopolitical tensions. Carmine shares insights on the OECD's initiatives to enhance ethics and transparency and discusses how multinational efforts are aligning global sustainability standards.The spotlight turns to gender diversity in corporate governance, with a focus on Italy's effective board composition quotas. Carmine discusses how diversity influences board dynamics and the power of data in driving progress. We delve into broader aspects of discrimination and the collective actions required for an equitable world. Tune in for Carmine's advice to young CEOs, emphasizing curiosity and varied experiences as keys to thriving in today's economic environment.
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Young Difference Makers S03 Ep 04 From Accounting to Sustainability: Lavanya Ramanujan's Inspiring Journey
Discover the remarkable journey of Lavanya Ramanujan, an accountant at Google, who defied expectations by turning an unexpected leap into the field of accounting into a fulfilling career intertwined with her passion for sustainability. Lavanya shares her insights on the profound impact of skills-based volunteering and advisory roles, particularly with the Ground Up Initiative in Singapore. Her story is a testament to the power of community involvement and purpose-driven work, as she recounts how a dedicated team of volunteers laid down the foundation to support GUI's mission with standard operating procedures, further reinforcing her commitment to sustainability through her involvement with ICAEW.We also engage in a thoughtful discussion about the importance of understanding individual differences in communication. Moving beyond the golden rule, Lavanya champions a more personalized approach to interaction—treating others as they wish to be treated. This perspective has not only fueled her personal growth but has also inspired her to pursue excellence in her professional role and sustainability efforts. Lavanya's tale is a powerful reminder of how the pursuit of passion and dedication to community-focused initiatives can drive both personal and professional success, offering valuable insights into the intersection of career and personal growth.
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Young Difference Makers S03 Ep 03 Empowering Communities: Senzo Ndlangamandla's Advocacy for a Better Future
What if you held the key to transforming your community, one person at a time? Join us as we hear from Senzo Ndlangamandla, the inspiring head of the Department of Accounting Sciences at Walter Sisulu University. Senzo's journey from a hopeful auditor to an award-winning chartered accountant is a testament to the power of mentorship and quality education. He credits his high school teacher for setting him on a path that balances professional excellence with community service. Senzo's commitment shines through his work with students from disadvantaged backgrounds in rural South Africa, empowering them to become future stars in the accounting profession. Recognised as SAICA's Top 35 Under 35, Senzo is not just an educator but a beacon of hope and change.We dive into the profound impact of personal responsibility in community change. Senzo shares his belief that no matter our job or status, we all have the power to create positive ripples in the lives of others. He inspires young professionals to take actionable steps, emphasising that focusing on uplifting one individual can lead to monumental change over time. As the accounting landscape evolves, Senzo envisions a future where Chartered Accountants are versatile, collaborative, and technologically savvy. This conversation is filled with motivation and practical insights, offering a blueprint for those eager to contribute to a more equitable world.
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Young Difference Makers S03 Ep02 Evan O'Donnell: From Math Enthusiast to Advocate for Accounting and Sustainability
Evan O'Donnell's journey from a math enthusiast to a passionate advocate for accounting and sustainability is nothing short of inspiring. Embark on this episode as we unravel Evan's path to becoming a chartered accountant, a voyage ignited by an enlightening experience with an accounting teacher in secondary school and nurtured through his education at University College Cork. Evan's professional growth took root at PwC Ireland, where beyond honing his accounting skills, he became a mentor for aspiring accountants and a pioneering force in sustainability initiatives. His commitment to using his voice for positive change shines through his active involvement in waste reduction efforts and his mentorship role with the Irish Consulting Student Group.Evan's experiences at the One Young World Summit are a testament to his dedication to effecting change. Representing Ireland as the flag bearer, he connected with global delegates, drawing inspiration from diverse voices like that of Jamad Fiin, a trailblazer for young women in sports. As Evan reflects on his journey, he shares his aspirations of climbing the corporate ladder to make a substantial impact on business and society, fostering a culture of mentorship for young accountants. With insights from role models such as Caroline McGroary and the wisdom of Margaret Atwood, Evan's story is a compelling reminder of the power of courage, networking, and perseverance in reshaping industries and communities.
We created this podcast in order to celebrate the lives and work of people who have transformed communities, businesses, and the wider world, making a real difference in the lives of others. We call them "Difference Makers". Some overcame great personal adversity in their journey. They all showed the knowledge, perspective, skills and capabilities to lead, to achieve, and to make real change when it is needed most. Oh, and by the way... they are all Chartered Accountants! Find out more at https://www.charteredaccountantsworldwide.com
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