Experts urge accountants to embrace leadership beyond numbers in the digital age

Accounting professionals must adopt leadership that transcends financial metrics by embracing adaptability, integrity, and continuous learning in an era of rapid technological transformation, experts have advised.

Speaking at the 15th Institute of Certified Public Accountants of Uganda (ICPAU) Graduation Ceremony in Kampala, Grace Muliisa, Managing Director of Ecobank Uganda, emphasised that attitude, resilience, and a willingness to learn are key determinants of professional success, outweighing degrees and certifications.

"A degree or certification makes you an expert, but your attitude, resilience, and willingness to learn will determine how far you go," Muliisa said.

She noted that artificial intelligence (AI) and automation are reshaping the finance and accounting sectors, warning that knowledge acquired today could quickly become obsolete.

"The world is evolving. What we knew in accounting a few years ago has completely changed. We must stay ahead by continuously learning, understanding AI, and adapting to new technologies like Python and automation tools," she added.

Muliisa underscored the importance of integrity and trust, arguing that while AI can automate tasks, it cannot replace ethical leadership.

"In the digital world, where automation is taking over, one thing remains unique trust. Your credibility will define your career. Never compromise your integrity," she cautioned.

She further urged accountants to develop strong communication skills, highlighting that data alone is insufficient professionals must interpret numbers and tell compelling stories that inform decision-making.

Drawing from her extensive banking experience, Muliisa stressed that accountants play a crucial role in navigating today’s technology-driven business landscape.

She explained that the profession has evolved beyond traditional number-crunching, with businesses now seeking professionals who are strategic advisors, problem solvers, and ethical leaders.

"Technology is disrupting business models. Accountants must go beyond figures and become strategic partners in decision-making," she noted.

Muliisa acknowledged the mixed emotions of excitement and apprehension among graduates stepping into a rapidly changing industry.

Ronald Mutumba, Vice President of ICPAU, also stressed the need for accountants and financial professionals to embrace innovation and continuous learning to stay relevant in a rapidly evolving financial landscape.

Speaking at a professional forum, he highlighted automation, AI, and data analytics as key drivers reshaping financial reporting, auditing, and organizational operations.

"You either be part of the change, or the change will leave you behind," Mutumba warned, emphasizing the need for continuous professional development.

He also underscored the significance of the Uganda Accountancy Qualifications Framework (UAQF), which prioritizes Certified Public Accountant (CPA) qualifications for accountancy-related roles, even for individuals without a bachelor’s degree.

Additionally, he noted that CPA certification is now a prerequisite for admission into MBA and MSc programs in accounting and finance.

While acknowledging that some employers still require an undergraduate degree, Mutumba revealed ICPAU’s partnership with Uganda Martyrs University to bridge the gap.

"As professionals, we have a duty to advocate for the relevance of our qualifications in society," he stated, calling on employers to recognize CPA certification as superior to undergraduate degrees and to consider certified accountants for high-level positions.