Our Scans · (FS.2.01) Accountancy · Weekly Summary

• [New] Australia Expands AML Oversight to 80,000 New Businesses Australia's financial intelligence unit, AUSTRAC, has published new AML rules that will bring over 80,000 tranche 2 businesses, including lawyers, accountants, and real estate agents, under its regulation. KYC Global Technologies Limited
• The World Economic Forum's 2025 Future of Jobs Report predicted that accounting, bookkeeping, and payroll clerks would be the seventh fastest declining job in the next five years. Tax & Accounting Blog Posts by Thomson Reuters
• With a projected 40% increase in client growth in 2025 and anticipated surges in tax season, 1-800 Accountant recognized the need to deliver consistently fast, accurate, and personalized support no matter how much it grew or how tax laws changed. / USA Salesforce
• A UK-based SME could use an AI-powered accounting tool to automate its bookkeeping processes. TechSouls
• Beyond traditional bookkeeping and tax compliance, more and more accounting firms will expand their Client Advisory Services in 2025. INAA
• As the repetitive accounting jobs are going to be at stake due to automation, US CMA credential is evolving with competitive adaptations to make a future-proof management accountant who can amalgamate the accounting skill and related technologies to make strategic financial decisions. US CMA| US CIA | US CPA | Blog
• The Internal Revenue Service recently announced that it will begin a pilot program during the 2024 tax season to start preparing and filing Americans' taxes in-house, relieving them of the need to use an accountant or tax preparation software such as TurboTax. Chicago Tribune
• Surveyed organizations predict 26 million fewer jobs by 2027 in Record-Keeping and Administrative roles, including Cashiers and Ticket Clerks; Data Entry, Accounting, Bookkeeping and Payroll Clerks; and Administrative and Executive Secretaries, driven mainly by digitalization and automation. World Economic Forum
• Plate IQ will be offering a Visa virtual card solution to commercial partners across multiple industries including restaurants and hospitality, retail and accounting and bookkeeping, among others. / USA Seeking Alpha
• The outsourced accounting and bookkeeping profession has struggled in recent years, with the Bureau of Labor Statistics projecting a 3% decline over the next decade. Firm of the Future
• The need for bookkeeping and data entry tasks will decrease as accounting automation usage increases. CPA Practice Advisor
• Job openings in for positions that are not as easy to automate, such as accounting, bookkeeping, and auditing, are expected to rise over the next decade. CEOWORLD Magazine
• Technology and software like cloud computing and other automation advances are expected to reduce the demand for bookkeeping, accounting, and auditing clerks by 3% by 2030, resulting in the loss of 48,100 jobs. AccountingWEB
• Customer-led disruption forces the new CX convergence IQ Accountants sees 43% reduction in client response time with Slack Connect Queensland, Australia-based IQ Accountants offers accounting, bookkeeping, tax consultations and business development services to organisations around the world. d34u8crftukxnk.cloudfront.net
• The next few years will be even more important for many professionals - not least chartered accountants and ICAEW - in terms of the reform of audit regulation and oversight. ICAEW
• The Center for Excellence - Inland Empire predicts a 3% increase in Bookkeeping, Accounting, and Auditing Clerks. www.mvc.edu
• Organizations whose core service is accounting could profit by outsourcing accounting and bookkeeping to India. CapActix
• Accounting, Bookkeeping, and Payroll Clerks will be one of the most rapidly contracting job categories over the next five years. content.vic.ai
• The Syrian transitional government's ability to hold its forces accountable for abuses committed during the recent intercommunal violence in Suwayda Province will likely impact its ability to rebuild trust with the Druze community. Institute for the Study of War
• Portfolio flows may face headwinds from global risks, but Indian bond inclusion in global indices could bring inflows in H2 2025.Overall Outlook: USD / INR is projected to trend higher in 2025 due to weaker capital flows, a widening current account deficit, and global uncertainties. NAGA
• McKinsey Global Institute, the business and economics research arm of the global management consulting firm McKinsey & Co., predicts that by 2030 activities that account for up to 30% of hours currently worked across the US economy could be automated. Los Angeles Times
• With EVs projected to account for over 40% of global automotive sales in the coming years, the demand for high-quality needle coke for battery anodes is set to rise sharply. ReAnIn

Last updated: 16 September 2025