ICAI releases report on how technology can change finance function for the accountancy profession



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The Institute of Chartered Accountants of India (ICAI), in collaboration with the Institute of Chartered Accountants in England and Wales (ICAEW), has released a new report detailing how technology is set to transform the finance function and the broader accountancy profession. The report highlights the benefits of automation, such as increased productivity and reduced redundant activities, while also addressing the need for reskilling finance teams to adapt to these changes. It shares practical experiences from leading finance operations in the UK and India, emphasising that automation is reshaping, rather than replacing, jobs.

Adapt, Adopt and Automate: Augmenting Efficiency for Growth Worlds two leading accounting bodies i.e. The Institute of Chartered Accountants of India (ICAI) and TheInstitute of Chartered Accountants in England and Wales (ICAEW), in collaboration are delighted to be launching an exciting report on
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FAQ :

The report focuses on how technology, particularly automation, can change the finance function and the accountancy profession, enhancing efficiency and driving growth.

The report is a joint effort between The Institute of Chartered Accountants of India (ICAI) and The Institute of Chartered Accountants in England and Wales (ICAEW).

The report highlights increased productivity, the adoption of new technologies by global companies, achievement of further growth, reduction in redundant activities, and improved overall economic productivity.

The report emphasises that automation is reshaping rather than replacing jobs, and highlights the importance of upskilling and training finance teams to thrive in the new environment.

It shares practical experiences of adopting automation technologies by leading finance functions and operations in the UK and India, and insights into successful automation use.

Professional bodies like ICAI and ICAEW play a key role in sharing practical experiences of using these technologies and helping their members thrive in a digital world.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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