Accounting is a crucial part of every business. It is the most accurate element that can be used to measure the financial performance of any organization. Effective accounting is also a critical part of risk management and mitigation. Dabie Tsai is an accounting expert. She has vast professional experience, having worked for 23 years at the auditing firm KPMG, where she held an extensive array of roles. During her tenure at the firm, she developed expertise in a vast set of specialties such as credit risks, mergers, acquisitions, SEC filings for both domestic and foreign registrants, SOX 404 controls, corporate governance matters, and plenty more.
Over recent years, there have been technological advancements that have aided organizations in achieving goals and objectives more efficiently. This technological evolution has greatly affected the accounting sector, and Dabie Tsai predicts that the future of effective accounting still relies on the influence of computers. Computing is already the most significant revolution that has happened in the accounting industry. Tsai believes that computers will continue to change the field of accounting and influence the efficacy of the profession. She particularly believes in the possibility of software developers coming up with cutting edge technology involving artificial intelligence, automation, and machine learning.
As technology becomes more prevalent in all departments of an organization, Tsai believes in accountant technology. Identifying the appropriate tasks for machine learning will permit human accountants to focus their energy on more complex and/or judgmental tasks. Automation of tasks is one of the most widespread and efficient uses of technology. Tsai notes that these technological advancements will play a key role in improving the value of audits. She advises the key members of the accounting industry to embrace technology.
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