Harper May | Knowledge Hub | UK Accounting Recruitment Agency

The Accounting Excellence Awards 2024 celebrate the achievements of AAT members, recognising outstanding contributions to the accountancy profession. With over a dozen AAT members shortlisted, the event highlights innovation, excellence, and ambition. The ceremony is on 8 October at Camden Roundhouse.

Ian Pay, head of data analytics at ICAEW, highlighted the risks of AI in accounting, emphasising transparency, human oversight, and ethical use. He stressed that accountants must understand AI’s limitations, particularly potential biases and errors, while maintaining accountability and data security.

Recruitment agencies are evolving into strategic partners, offering market insights, tailored recruitment strategies, and advanced technologies. They enhance hiring success by providing valuable intelligence, building talent pipelines, and improving candidate experiences, aligning closely with a company’s business goals.

After Series A funding, founders should clarify their vision, leverage their network, and attract top talent with a compelling proposition. Build strong leadership, foster a collaborative culture, and prioritise diversity. Invest in onboarding, set clear goals, and maintain flexibility for sustained growth.

Every successful business has a skilled accountant driving its financial health. Accountants provide strategic advice, ensure compliance, mitigate risks, and foster growth. They are essential partners, safeguarding cash flow and future-proofing businesses, making them vital to long-term success.

ACCA and Chartered Accountants ANZ's report warns finance teams must adapt within five years or risk obsolescence. It highlights the need for AI, data analytics, and improved digital and sustainability skills, while maintaining ethical standards and aligning with sustainable business goals.