Date posted: 13/01/2025 4 min read

Seven trends set to reshape the accounting profession in 2025

From tech changes and ESG reporting to client expectations, here are seven trends CAs can’t afford to ignore.

In brief

  • This year, accountants can expect trends across tech, client advisory, ESG and globalisation to reshape the profession.
  • Some of these trends have been around for some time but as they reach maturity, time is running out to position yourself as a leader in the area.
  • If you already have some knowledge, a short course could fill in the gaps and provide a formal qualification.

The accounting world is on the brink of exciting changes. From rapid tech breakthroughs to shifting client demands, 2025 is shaping up to be a year of big opportunities and challenges. For chartered accountants, it’s all about adapting, learning new skills and staying ahead. This is your chance to lead the way and redefine what’s possible in the profession.

Here are the top trends set to shake up the accounting profession in 2025.

1: Automation takes the spotlight

Automation is revolutionising the accounting landscape, streamlining tedious and time-consuming tasks like bookkeeping, data entry and compliance reporting. As automation becomes a core part of accounting, CAs must stay ahead by mastering AI and machine learning tools, and understanding their capabilities.

Automation can free up time for CAs and finance professionals to focus on high-value work, including forecasting and advisory services, bringing greater value to clients and organisations.

2: Real-time accounting becomes reality

Gone are the days of quarterly reports. Clients and business leaders now demand real-time financial insights that allow them to make informed decisions instantly. This demand has been accelerated by advancements in cloud technology, with platforms like Xero transforming how CAs and clients interact with financial data. These tools enable seamless collaboration, ensuring that financial records are always up to date and accessible from anywhere.

For CAs, this shift means more than just adopting new technologies. It requires a deep understanding of leveraging these tools to provide proactive insights, optimise workflows and anticipate client needs.

Courses like CA ANZ’s Transform your fintech skills with AI package are available on the CA store to help you stay ahead of the curve.

Cloud platforms and live reporting tools will be invaluable for equipping accountants with the skills needed to thrive in this environment. Staying ahead in this area not only ensures relevance in the market but also positions CAs as indispensable advisers in an increasingly digital-first world.

3: The rise of ESG reporting

Sustainability has evolved from a mere buzzword to a critical element in business strategy. Environmental, social and governance (ESG) reporting is increasingly becoming a regulatory necessity, with governments and regulatory bodies across the globe imposing stricter reporting requirements for companies. The demand for transparency around ESG factors is growing as investors, consumers and other stakeholders push for responsible corporate practices.

This presents an opportunity to lead the charge in integrating ESG considerations into financial reporting. By mastering ESG metrics and reporting frameworks, CAs can add value by ensuring their clients and organisations meet regulatory requirements and align their strategies with global sustainability goals.

ESG reporting also offers CAs the chance to contribute to long-term corporate value by helping businesses evaluate their environmental impact, manage social responsibilities and improve governance practices. In doing so, CAs not only position themselves as leaders in sustainable finance but also help their clients and organisations gain a competitive advantage in a world where environmental responsibility is becoming a key driver of profitability.

4: Blockchain’s quiet revolution

Blockchain technology is making waves in the financial sector by providing a decentralised, secure and transparent way of recording transactions. With its tamper-proof ledgers, blockchain is a game changer for industries like finance, auditing and supply chain management, that rely on trust and transparency. As blockchain evolves, its applications are becoming more evident and its potential is far-reaching – especially for CAs.

The ability to trace and verify transactions in real time could significantly reduce the risk of fraud and errors in financial reporting. Blockchain’s decentralised nature offers an alternative to traditional central authorities, empowering companies to manage their financial data more efficiently and securely. For auditors, blockchain represents an innovative tool that can streamline the auditing process, reducing time spent on verifying transactions, while increasing the reliability of audit outcomes.

As blockchain technology continues to mature, the scope of its use will likely expand. This year, industries ranging from supply chain accounting to compliance reporting will see a growing need for professionals who can navigate the complexities of blockchain systems.

CAs who upskill in blockchain technology will not only be able to offer more value in terms of auditing and fraud prevention, but also become trusted advisers in implementing blockchain solutions for businesses. To seize these opportunities, CAs should familiarise themselves with blockchain basics and consider certifications in blockchain-related areas like smart contracts and crypto accounting. Find out more about blockchain through CA ANZ’s AI learning package.

5: The new advisory imperative

The role of the CAs is shifting from a traditional, compliance-driven model to one that is advisory focused. Clients are no longer solely seeking accountants for tax returns or financial statements; they are increasingly looking for strategic, forward-thinking advice. This trend is particularly prevalent among younger business leaders who are digital natives and expect their financial advisers to be tech savvy, proactive and capable of delivering personalised solutions.

As businesses face complex challenges in a rapidly evolving marketplace, CAs must adapt to this new advisory imperative by embracing digital tools and refining their advisory skills. Whether it’s advising on business strategy, risk management or financial optimisation, CAs can position themselves as trusted partners who provide real value beyond traditional accounting services.

6: Accounting in a globalised world

Global operations bring complexity, requiring expertise in international tax and regulatory frameworks. From international tax laws to compliance with regional financial reporting standards, CAs must be equipped to navigate the demands of cross-border operations. Additionally, the rapid rise of remote work adds another layer of complexity, especially when it comes to issues like international payroll, tax and cybersecurity.

By leveraging their professional development, CAs can stay competitive and relevant in an increasingly interdependent world. The key to navigating these global opportunities lies in acquiring knowledge of international accounting standards such as IFRS and the ability to manage the risks associated with operating in multiple jurisdictions.

By becoming experts in international tax and cybersecurity best practices, CAs can guide businesses in establishing a secure, efficient and compliant global presence.

7: Cybersecurity comes to the fore

As more business operations shift to the cloud, the risk of cyberattacks intensifies, placing financial data under constant threat. CAs are increasingly entrusted with safeguarding not just financial records, but sensitive business and personal information. In this environment, cyber threats are not just a potential risk – they’re a reality that every finance professional must confront head-on.

With data breaches, ransomware and other forms of cybercrime on the rise, it’s critical for CAs to prioritise data privacy and secure financial systems. As the gatekeepers of crucial financial information, accountants must take proactive steps to ensure their practices are safeguarded from these ever-evolving threats. A breach of security could not only lead to significant financial losses but also jeopardise client trust and a firm’s reputation.

To mitigate these risks, CAs must develop a strong understanding of cybersecurity principles and incorporate them into their daily operations. Whether through adopting encryption, ensuring secure cloud practices, or implementing robust internal controls, CAs can play a pivotal role in reducing vulnerabilities and maintaining the integrity of financial data.

By becoming experts in cybersecurity, CAs can further solidify their value, positioning themselves as trusted advisers in managing both financial risk and digital security threats. This expertise will be especially critical as more businesses transition to fully digital operations and look to their accountants for guidance in securing their financial assets.

Futureproofing the accounting profession

Adaptation isn’t optional in the face of transformation. The trends highlighted – automation, real-time reporting, ESG, blockchain, advisory know-how, globalisation and cybersecurity – are not passing fads; they are fundamental shifts that are reshaping the accounting profession. By embracing these changes and investing in continuous learning, CAs can futureproof their careers and lead the industry into a dynamic and promising future.

Want to learn more? Stay ahead of the curve by exploring courses on AI, ESG, blockchain, and cybersecurity. Visit the CA member store for resources and updates on upcoming learning opportunities, such as: