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Gone are the days of bean counting

The digital age brings with it new challenges and opportunities for the accountant. BY MICHELLE QUAH

"Technology advances have enabled auditors to work more efficiently and made some aspects of the audit work less tedious. The use of analytics has allowed us to plough through large amounts of data and identify outliers more accurately and quickly, compared to the old days when auditors had to sample items and do things manually." - Philip Yuen, CEO of Deloitte Singapore and Singapore deputy divisional president of CPA Australia

THE advent of the digital age has changed the way most of us live and work - for some, to a much greater extent than for others.

For the accountant, the role he plays and the way he operates have been altered considerably by technology in the last decade. The challenge for accountants,