Harper May | Knowledge Hub | UK Accounting Recruitment Agency

Accountants must maintain licenses, protect client data, understand employment contracts, secure liability insurance, adhere to ethics laws, and comply with record-keeping standards. Addressing these legal aspects safeguards careers, mitigates risks, and ensures confident progression in the evolving financial landscape.

CFOs are increasingly investing in accounting technology to automate finance functions, driving efficiency and innovation. Automation in tasks like accounts payable, data integration, and reporting streamlines processes, enhances decision-making, and enables companies to scale, fostering growth and strategic success.

Happy 120th Birthday, ACCA! Founded in 1904, ACCA has grown to 252,500 members and 526,000 students globally. With its first all-female leadership team, ACCA continues transforming lives through inclusion, innovation, and a commitment to the public good.

CFOs must address the talent crunch by exploring alternative hiring pools, investing in upskilling teams, and adopting AI to handle routine tasks. Strategic training and co-sourcing can help finance professionals focus on high-value activities, enhancing business performance.

Only 20% of businesses are prepared for climate-related disasters due to inadequate risk identification, lack of resilience mechanisms, minimal investment in climate adaptation, and limited scenario planning. CFOs and finance teams are pivotal in driving necessary change.

The UK accountancy sector faces a talent crisis, with 57.1% blaming stereotypes for declining enrollment. Challenges include high education costs, lengthy qualifications, and limited diversity. Technological, tax, and interpersonal skills will shape future accountants' success, per FreeAgent research.