The world today is changing in almost every aspect. The field of accounting has not been left behind as the world shifts to the modern era of innovative technology. In the accounting field, new, innovative methods of doing work have been introduced, creating huge changes in the industry. The main goal of these new technologies is to make work easier and more efficient (Levo).
However, it is important to note that technologies have a way of rendering some businesses obsolete, and therefore, it is important for players in the industry to adapt to new technologies as they come. What was working in the past few years might no longer be necessary in today’s operations. Businesses should, therefore, be in a position to anticipate what new technology is coming and the impact that it will bring. This will enable them to adjust their efforts and goals accordingly. In this article, we are looking at the future of accounting from the viewpoint of one of the industry’s veterans, Dabie Tsai.
To understand the weight of her opinion, one needs to look at her personal profile. She’s a highly qualified expert in the field of accounting globally. Looking at her profile, one will approve of her sentiments about the future of the industry, and therefore, her opinion should be considered an indicator of what will actually happen.
Tsai is a former partner with KPMG, one of the biggest tax, audit, and advisory services providers in the world. For 23 years, she worked with the firm, during which time she honed her skills by working on SEC filings in both IFRS and US GAAP. Her expertise in matters of financial reporting, as well as corporate governance, are top notch due to the environment she has been working in. She is also an expert on other matters such as credit risk and SOX 404 controls and processes.
Dabie Tsai has a wide range of experience in working on the international stage. In her career, she has lived in four different countries on three different continents while carrying out her duties as a professional in the field of accounting. In the process of her work, she has provided services to some of the largest financial institutions in different parts of the world, factors which have contributed to her brilliant career in accountancy. To complement her professional career, Tsai is fluent in English, Spanish, and Chinese.
Find more information about Dabie Tsai at https://www.linkedin.com/in/dabie-tsai-94135a80/