As businesses grapple with uncertainties and navigate the complexities of digital transformations, sustainability and climate transitions, organisational leaders equipped with the unique skill set of professional accountants in business (PAIBs) are essential.

PAIBs’ roles more commonly extend beyond traditional financial responsibilities, positioning them as key leaders shaping the trajectory of organisational success.

Informed by IFAC’s PAIB Advisory Group’s last meeting, a new article from IFAC details three paths through which professional accountants have led organisational transformation that can be a guide for PAIBs and businesses globally.

Commenting on this, IFAC PAIB advisory group chair, Sanjay Rughani, said: “The accountancy profession is evolving to meet the demands of a changing business environment.

“By driving decision-useful sustainability information, harnessing disruptive technologies like AI and IA and nurturing a new generation of accountants who can confidently step into leadership roles, professional accountants can seize the uncertainty of the current environment to elevate the profession and society at large.”

More takeaways can be found in Navigating Transformation: The Impactful Leadership of Accountants.

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By GlobalData