Digital transformation has been re-shaping the business of accountancy for some time, but it is taking on a new dimension with the rapid advance of artificial intelligence (AI).

As AI becomes ever more sophisticated – even to the point of being able to generate new, creative content – it has the potential to radically alter the way many professionals work: accountants, auditors and tax specialists included.

This is prompting much soul-searching in the profession. People are asking: Is this a good thing? What are the opportunities and threats it poses? And how can the sector best harness the benefits while mitigating the risks?