Accounting advisory services to grow amid tech disruption

Singapore

ACCOUNTANTS need not fret.

A key finding from a new survey has it that automation and technological development may threaten many jobs, but demand for advisory services is expected to grow in the coming years, as businesses battle to manage digital disruption.

A report based on the survey says that, while regulated professional services such as audit & assurance and tax advisory & compliance will always be required, the rise in demand for business advisory services - that is, professional accounting services that aid businesses beyond compliance and regulatory requirements - is growing "significant and urgent" as enterprises adapt to the changing trends and business dynamics.

The report, released on Thursday by global professional accountants body, ACCA (the Association of Chartered Certified Accountants), examines market demand for professional business and advisory services in Singapore, Asean and China for the next three years an…