AI won’t replace accountants - it will supercharge them

Natasha Frangos, managing partner of HaysMac, says Jeremy Hunt’s comments about the demise of accountants are plain wrong

Last week, former chancellor Jeremy Hunt took to the podcast waves to warn graduates away from accountancy, claiming artificial intelligence (AI) is about to render our profession obsolete.

As managing partner of one of the UK’s top 30 accountancy firms, I strongly disagree. Accountancy isn’t dying, it’s evolving.

I’ve worked in accountancy for 25 years and have seen first-hand how emerging technologies have reshaped and redefined our profession. To me, AI isn’t a threat, it’s a revolutionary tool.

The fear around change is understandable. Research by Pew shows that 52% of professionals are worried about AI’s workplace impact, with 32% believing it could reduce their job opportunities.

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