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Chartered Accountants Urge Immediate Implementation of Practical AI Training

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Chartered accountants call for urgent practical AI training

Chartered Accountants are experiencing strong demand for practical AI training amidst a significant skills gap in the profession. A global survey reveals that while 92% of Chartered Accountants desire AI training, only 30% have received any formal education. Many senior leaders express lack of confidence in AI use due to concerns over data security and governance. Younger accountants, however, show readiness to embrace AI tools, highlighting a generational divide.

The Chartered Accountants Worldwide Global Future Leaders Think Tank emphasizes the need for hands-on, role-specific training rather than general awareness. AI is perceived as a productivity enhancement, streamlining tasks like financial analysis and audit planning. The focus is shifting towards establishing clear AI governance frameworks and ethical practices.

To facilitate effective AI integration, firms should prioritize tailor-made training sessions and foster communities for knowledge sharing. Professional bodies are expected to lead in redefining competency frameworks and ensuring safe AI practices within the accounting landscape.

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