The rise and rise of Gen AI means there needs to be a total re-evaluation of professional qualifications to ensure future accountants are being equipped with the necessary skills to thrive in this new era, says the IFAC Young Leaders Collective.
A new report stresses professional bodies must integrate Gen AI into their syllabuses, with emphasis on digital technology and people.
The collective suggested before obtaining membership trainees should formally show they understand the ethical use of AI. Professional scepticism in the context of using AI supporting digital tools must also be part of the Practical Experience Requirement (PER), moving forward.
When it comes to universities the Young Leaders Collective emphasised that AI, data analytics, and automation should be core modules, not just optional IT electives.
And, students should be encouraged to actively use AI tools in their studies.
Accounting exercises and assignments also need to be redesigned to encourage students to use AI tools for tackling sub-problems – like how calculators assist with specific steps in complex accounting tasks.
But there is a warning too, that AI should not be misused as a last-minute shortcut.
Check out ‘Rethinking Accountancy Education in a Digital Era with Gen AI’ at:
