Episode 5

10 Reasons Why Bots Will Never Replace Accountants

On behalf of the Accounting Influencers Broadcast Network, this is the "Insights in Accounting" show, going live every Tuesday. This show is about filling in the knowledge gaps in your busy lives as accountants and leaders in practice, plus bookkeepers, finance leaders and the software/fintech industry that serves them. It's what you missed and you didn't know you missed, and why it's important.

Episode 5. In today's episode, "10 Reasons Why Bots Will Never Replace Accountants."

Key takeaways from this episode include:

⫸ shout out to Allan Koltin, CEO at Koltin Consulting Group and author of this piece via LinkedIn

⫸ how many younger accountants can speak the language of technology but struggle with the human side of things

⫸ debating how much of the accounting role bots and machine learning can take over doing

⫸ how creativity and problem solving will always put distance between bots and human accounting professionals

⫸ what counting potatoes in warehouse can teach us about the innovation of accountants and auditors

⫸ the call for accountants to be more entrepreneurial in their thinking, and why this needs to be made more prominent by the profession

⫸ what an accountant's ability to resolve disputes and conflicts does that bots can never do

⫸ the importance of accounting advisors (and not bots) to advance conversations and pick up on nuances in human behavior

⫸ how artificial intelligence, machine learning and bots will have a role in complimenting, not replacing, accountants and advisors

⫸ why there has never been a better time to be an accountant and for them to reach out to their clients proactively

Action: be proactive with your clients to start and advance conversations in a way bots could never do - that's where the opportunities are.

Source: https://www.linkedin.com/pulse/cpa-practice-advisor-thought-leader-symposium-2019-allan-koltin/

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Mentioned in this episode:

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About the Podcast

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Insights in Accounting
Critical insights, commentary and analysis of key issues, trends, news and events in the accounting and fintech world

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About your hosts

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Rob Brown

Rob Brown hosts the multiple accounting podcast and chair conferences, panels and events globally for the accounting and fintech profession. He is co-founder of Accounting Influencers Roundtable (AIR) which helps vendors, experts and influencers serve the accounting and finance world. He is a dynamic speaker and accomplished expert on trust, reputation, employer brand, talent, career development, succession, gen z/generations, employee advocacy and executive presence. Rob is author of the bestselling book Build Your Reputation (Wiley) and his TEDx talk ‘The Personal Brand of You’ has been viewed 400,000 times on YouTube. He is a stroke survivor, has epilepsy, is a committed Christian and has a black belt in kickboxing. He is based in Nottingham UK, home of Robin Hood, plays chess and backgammon, loves orange chocolate and is allergic to grapefruit.
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Martin Bissett

Martin is the founder of the Bissett Group of companies that provide practice and personal growth communities, content, and continuing education exclusively to the accounting and bookkeeping professions worldwide. Previously he established a high six-figure consulting firm while serving as a keynote speaker with over 100 one-off and repeat engagements to his name, as well as becoming the most published author on his topics of specialism with 11 books including 1 bestseller.

Since 1998, Martin Bissett has played a major part in working with over 1800 accounting firms in over 40 countries. These projects have led to those firms acquiring over £500m of recurring fees before inflationary increases, referrals and upselling are factored in. He stopped keeping track of this number over 5 years ago. Martin now advises a range of accounting practitioners and fintech companies at board level.