Accountancy Age celebrates this years' 35 under 35

Accountancy Age’s 35 Under 35 event, hosted in partnership with AJ Chambers gathered some of the brightest young talents in accounting to discuss the profession’s future.

With a focus on the role of artificial intelligence (AI) and leadership, the event offered both valuable insights and practical advice for navigating the rapidly changing accounting landscape.

Francesca Lagerberg, CEO of Baker Tilly International, delivered the keynote, offering a comprehensive view of how emerging technologies like AI, blockchain, and automation are transforming the accounting profession. With decades of experience navigating technological shifts, Lagerberg spoke with authority on the profound impact these advancements are having on both day-to-day operations and strategic decision-making within firms.

Lagerberg stressed that although AI has not yet fully permeated the profession, it is on the cusp of doing so. “The pace of change has changed,” she remarked, pointing to the rapid acceleration of technological advancements. What once took years to implement now takes mere months, and this shift is creating both opportunities and challenges for firms. She cited examples of how tools like AI are beginning to automate labour-intensive processes such as data analysis, allowing accountants to focus on higher-value tasks like interpreting trends and advising clients.

She also addressed the cost and accessibility of these technologies, noting that what was once prohibitively expensive and difficult to implement has now become more affordable and user-friendly. “The ease of which you can afford it, the ease of which you can bring it in is what’s massively changed,” she explained. This democratisation of technology is enabling even smaller firms to take advantage of tools that were once out of reach, creating a more level playing field across the industry.

However, Lagerberg was quick to point out that technology, while transformative, is not a silver bullet. She emphasized that the real challenge lies in integrating these tools in ways that complement, rather than replace, human expertise. “Technology on its own is not going to be the answer for us. It’s going to be a fusion of technology and humanity,” she noted, underscoring the importance of maintaining the critical thinking, problem-solving, and relationship-building skills that have always been at the heart of the profession.

Generative AI in Accounting – Hype or Reality?

A key part of the event was a panel exploring how Generative AI is beginning to shape the accounting profession. While AI offers clear benefits, such as streamlining data analysis and automating repetitive tasks, the panellists were quick to point out that its implementation is still in its infancy.

Valentina Dalpozzo, Director of Product at Contentive, was joined by Lagerberg and Alex Ffrench, Managing Partner for Xeinadin, South. The panel explored the real-world applications of AI and how it is poised to change the nature of accounting work. While the benefits of AI are becoming increasingly clear—streamlining data analysis, automating repetitive tasks, and enhancing productivity—the panellists emphasized that its implementation is still in the early stages.

A key concern raised by the panel was the current limitations of AI. One speaker described AI as “a very helpful child, eager to assist, but it can sometimes give you the wrong answer.” This metaphor captured the essence of the discussion: while AI is a powerful tool, it is not fool proof. The panellists agreed that AI often provides outputs that require human oversight and judgment to ensure accuracy and relevance. This led to the consensus that AI must be carefully guided by professionals who can critically evaluate its suggestions before using them in real-world applications.

The discussion also addressed the importance of structured training for accountants who want to effectively integrate AI into their workflows. Many accountants are still at the early stages of adopting AI, and there’s a steep learning curve involved. As one panellist noted, “You can’t expect the software to do the work for you.” The panellists agreed that understanding how to ask the right questions and provide AI with appropriate parameters is essential for getting useful, actionable insights from these tools​(35 under 35).

The need for human intervention and critical thinking was a recurring theme. While AI can automate routine tasks, like sorting and processing data, its role in decision-making is still supplementary. “You have to help it learn, and you’ve got to work with it,” one speaker advised, emphasizing that AI tools work best when guided by knowledgeable professionals who know how to use the technology effectively.”

A Career Beyond 35

The panel on career development featured Warren Meade, CEO of Sumer; Subarna Banerjee, Managing Partner of UHY Hacker Young; and Richard McNeilly, CEO of Dains. Each shared their journeys and offered advice for those looking to grow beyond the age of 35.

A key theme that emerged from the discussion was the importance of adaptability in an ever-evolving profession. With the rapid advancement of technology, the accounting field is changing in ways that require professionals to continuously upskill and remain flexible in their approach. One panellist noted, “You’re still going to need people. You’re still going to need human insight. They might have some different skills, but you’re going to need people,” underscoring the ongoing demand for skilled professionals who can think critically, communicate effectively, and apply their expertise in new contexts.”

Leadership also took centre stage in the discussion. The panellists emphasised that leadership skills are just as crucial now as they were at the start of their careers. As one panellist put it, “Leadership is vital at every stage.” While technological tools such as AI are becoming indispensable in the accounting world, they cannot replace the need for strong leaders who can guide teams through complex challenges and changes. The panellists spoke about the qualities that define effective leaders in today’s environment, such as resilience, the ability to manage change, and the capacity to inspire and motivate others.

The speakers also highlighted that many of the challenges accountants face today—such as integrating new technologies and responding to shifting client needs—require a combination of technical expertise and soft skills. “Great leaders are those who can bring people together, help them work through challenges, and foster an environment where everyone can do their best work,” one panellist explained.

For younger professionals looking to advance in their careers, the panellists stressed the importance of continuous learning. Staying current with industry trends and developing new skills is critical to long-term success in a profession where the pace of change is accelerating. One speaker shared their personal experience of transitioning into a leadership role by seeking out opportunities for learning and development, noting that “many jobs will evolve and move on,” but the need for leadership and adaptability will remain.

Finally, the panellists encouraged attendees to embrace the future with optimism, even if it means taking risks and exploring new opportunities. They acknowledged that while some traditional accounting roles may diminish due to automation, new roles will emerge that demand creativity, strategic thinking, and the ability to leverage technology in innovative ways. “People’s jobs will evolve and move on,” one panellist remarked, “but a lot of new jobs will be created as well. It’s not about losing jobs—it’s about shifting roles and evolving the profession.”

Celebrating the 35 Under 35

The event culminated in a small awards ceremony, recognising the achievements of this years’ 35 under 35  who are already making waves in the industry. These individuals were celebrated not just for their technical expertise, but for their contributions to driving innovation and leading with impact.