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The intelligence

The latest AuditFutures event brought experts together to explore the future of the profession in a world with artificial intelligence.

The accountancy profession and its ancestors have often been reshaped by technology innovations: from the use of clay tablets for financial record keeping in ancient Mesopotamia to the 1979 arrival of VisiCalc, the first electronic spreadsheet for personal computers. However, emerging technology innovations in areas such as artificial intelligence (AI) could do more than just reshape accountancy.

“As professionals our future is uncertain and incredibly hard to predict. Some say that as technology advances, the need for professions is diminishing,” said Gilly Lord, PwC head of regulatory affairs, opening AuditFutures, an event that brought a number of different professions together to share and develop innovative thinking about professional ethics, culture and trust.

This is an extract from an article in the October 2016 edition of Audit & Beyond, the magazine of the Audit and Assurance Faculty.

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