Latest news with #Brisbourne
Business Recorder
2 days ago
- Business
- Business Recorder
Accountants can thrive in AI-dominated workplace: ACCA report
KARACHI: AI will reshape the accountancy profession by changing how tasks are completed at all levels. Leading global accountancy body, ACCA (the Association of Chartered Certified Accountants) says that as AI becomes more commonplace, new responsibilities and tasks will emerge for finance teams as they focus on improving controls and specifying the desired information outcomes from machine use. New roles are also expected to support activities ensuring AI systems remain accurate and compliant with professional standards and regulations. ACCA's latest AI Monitor report explores how the gradual integration of AI over comings years is likely to change how accountants work and deliver value from the automation of repetitive tasks to increased knowledge support for decision making. The report points out that while AI can help make processes more efficient, human intervention needs to be retained at critical junctures. Ultimately, the integration of AI needs to reflect the fact that trust remains a fundamentally social concept built on human interaction, transparency, and oversight. And the future of accounting will involve navigating tensions between efficiency and human judgement, automation and control. Alistair Brisbourne, Head of Technology Research, ACCA, said: 'Professionals who can embrace uncertainty, develop strong judgement skills, and continuously adapt their expertise will thrive even as specific tasks change or become automated.' Brisbourne said: 'It should be remembered that over the decades accountancy has prospered by its intelligent and enthusiastic adoption of the latest technology.' The report sets out four key work trends that AI will drive for accountants: a contraction in routine processing; an expansion in strategic and advisory decision-making; an evolution of mid-level roles to incorporate more judgement and client interaction; and new responsibilities at the intersection of accounting, technology and strategy. The future that is unfolding isn't one where finance and accounting professionals are replaced – but one where their responsibilities will change. Success in this transition depends on making clear assessments of where AI will add value, establishing clear policies and governance in use, and the cultivation of skills that complement technical capabilities. ACCA expects that coming years will see organisations develop more integrated workflows based on the principle that AI adoption is not just about distinguishing high versus low-value activities – but focusing on outcomes, quality and value. Brisbourne said: 'Only a minority of finance and accounting teams have implemented AI solutions – but these resources are widely available, and organisations are reviewing opportunities and workforce needs. 'AI adoption is expected to accelerate in coming years, especially as our data shows investment on AI initiatives is increasing, and widespread cloud adoption provides a crucial foundation for AI implementation.' The profession is still in the invention and adoption stage of AI, as demonstrated by investment data and current adoption/ usage statistics. And the profession is embracing the learning and employment challenge offered by AI as shown by the recently announced changes to the ACCA Qualification which embraces emerging advances in technology and sustainability. Copyright Business Recorder, 2025
Mid East Info
15-07-2025
- Business
- Mid East Info
AI is reshaping the work of accountants as automation offers greater opportunities and responsibilities - Middle East Business News and Information
AI will reshape the accountancy profession by changing how tasks are completed at all levels. Leading global accountancy body, ACCA (the Association of Chartered Certified Accountants) says that as AI becomes more commonplace, new responsibilities and tasks will emerge for finance teams as they focus on improving controls and specifying the desired information outcomes from machine use. New roles are also expected to support activities ensuring AI systems remain accurate and compliant with professional standards and regulations. ACCA's latest AI Monitor report explores how the gradual integration of AI over coming years is likely to change how accountants work and deliver value from the automation of repetitive tasks to increased knowledge support for decision making. The report points out that while AI can help make processes more efficient, human intervention needs to be retained at critical junctures. Ultimately, the integration of AI needs to reflect the fact that trust remains a fundamentally social concept built on human interaction, transparency, and oversight. And the future of accounting will involve navigating tensions between efficiency and human judgement, automation and control. Alistair Brisbourne, Head of Technology Research, ACCA, said: 'Professionals who can embrace uncertainty, develop strong judgement skills, and continuously adapt their expertise will thrive even as specific tasks change or become automated.' Brisbourne said: 'It should be remembered that over the decades accountancy has prospered by its intelligent and enthusiastic adoption of the latest technology.' Kush Ahuja, Head of Eurasia and Middle East at ACCA, added: 'Across the Middle East, the profession is embracing AI as a catalyst for transformation. Accountants in this region are increasingly being called upon not only to understand new technologies but to ensure their ethical and effective use. With a strong government focus on digital innovation and sustainable growth, finance professionals here have a unique opportunity to lead in building trust, resilience and long-term value.' The report sets out four key work trends that AI will drive for accountants: A contraction in routine processing; An expansion in strategic and advisory decision-making; An evolution of mid-level roles to incorporate more judgement and client interaction; and New responsibilities at the intersection of accounting, technology and strategy. The future that is unfolding isn't one where finance and accounting professionals are replaced – but one where their responsibilities will change. Success in this transition depends on making clear assessments of where AI will add value, establishing clear policies and governance in use, and the cultivation of skills that complement technical capabilities. ACCA expects that coming years will see organisations develop more integrated workflows based on the principle that AI adoption is not just about distinguishing high versus low-value activities – but focusing on outcomes, quality and value. Brisbourne said: 'Only a minority of finance and accounting teams have implemented AI solutions – but these resources are widely available, and organisations are reviewing opportunities and workforce needs. 'AI adoption is expected to accelerate in coming years, especially as our data shows investment on AI initiatives is increasing, and widespread cloud adoption provides a crucial foundation for AI implementation.' The profession is still in the invention and adoption stage of AI, as demonstrated by investment data and current adoption/usage statistics. And the profession is embracing the learning and employment challenge offered by AI as shown by the recently announced changes to the ACCA Qualification which embraces emerging advances in technology and sustainability. The report adds that widescale use of a general-purpose technology, like AI, may take longer than anticipated.
Herald Sun
29-05-2025
- Sport
- Herald Sun
Grinzinger Moon makes city debut to continue winning streak that began in Towong maiden
Don't miss out on the headlines from Horse Racing. Followed categories will be added to My News. A winning streak that started at Towong in March will go on the line at Caulfield on Saturday. Wangaratta trainer Ben Brisbourne will test Grinzinger Moon in the Catanach's Jewellers Handicap (1200m) after four straight wins either side of the Murray River. Grinzinger Moon went fairly in two unplaced runs in the spring but Brisbourne said a natural change of tactics in two February jumpouts was the catalyst for the three-year-old's winning run. • PUNT LIKE A PRO: Become a Racenet iQ member and get expert tips – with fully transparent return on investment statistics – from Racenet's team of professional punters at our Pro Tips section. SUBSCRIBE NOW! 'I always trained her as a horse that would get over 14(00m) or a mile and I spent six months teaching her to relax behind horses and pick them up as my horses race,' Brisbourne said. 'She had a couple of starts last prep that were pass marks so I put her away and brought her back in. 'In her first jumpout, she jumped so well from the barriers and put herself in a forward position. 'Normally, when mine do that, they would be half weak in the finish but she found two more gears and looked really impressive. 'We thought, 'well, she obviously wanted to do it that way' so we trained her that way.' Wins at Benalla and Yarra Valley preceded a minor setback when the filly developed a foot abscess, which required a short break. The daughter of Puissance De Lune returned with a strong win at Albury on May 16. Brisbourne noted all of Grinzinger Moon's wins were against older horses. • Femminile chasing Derby double in new colours 'I think her times have matched up wherever she's gone and (owner) John Wheeler has just let me take her through the grades to teach her to be a winner,' Brisbourne said. 'She's stepped up every time. 'Though she's a three-year-old filly, she's gone up against the older horses. 'This will be the first time she will be in a handicap against her own age group. 'She's got a good running style for that track and I'm pretty happy with how the race has come up.' Grinzinger Moon is a $13 chance in early betting on the Catanach's Jewellers Handicap. Originally published as Grinzinger Moon makes city debut to continue winning streak that began in Towong maiden
