The accounting industry is grappling with significant disruption due to licensing requirements, work-life balance challenges, and emerging technologies. While AI holds transformative potential, a recent survey reveals that 73% of accounting leaders have yet to adopt it, largely due to concerns over inaccuracies and data privacy. Despite these barriers, innovative firms like PKF O'Connor Davies and Armanino LLP are already using AI to enhance efficiency and drive growth. Overcoming licensing and technology hurdles is essential for broader AI integration and maintaining a competitive edge.

It all begins with an idea.