Fintech is set to be the latest career frontier for accountants. The fact that 50% of accountants are considering a move into financial technology shows that the profession is willing to seize these new opportunities. There is a risk, though, that older generations could miss out if they believe they do not have the necessary skills. Our article summarising the findings of a recent ACCA report on the subject reveals the breadth of opportunities available in fintech. We have also distilled the highlights in graphics.
The skills of auditors are in focus this month, too, following the announcement that EY is planning to split its audit practice away from the rest of the business. This prospect throws up a number of issues, among them audit quality and recruitment. Firms are currently attractive employers for the variety of work they offer, but this could change if joiners no longer have opportunities to work across the full breadth of the service offering.
Elsewhere, we look at the skills deficits among Africa’s accountants. A recent ACCA survey on the state of the profession in the continent identified gaps in both the fundamentals and emerging fields such as environmental, social and governance (ESG) reporting. Our article explores the report’s findings and recommendations for how the gaps might be addressed so that accountants are equipped for the challenges ahead.
Also this month we interview Mahen Seeruttun FCCA, minister of financial services and good governance in Mauritius. He talks about using his role to revitalise the island nation’s reputation as a financial centre and to double its contribution to the economy.
Finally, can you guess which the most expensive city in the world is for expats? See the listing for the answer.