Artificial intelligence is changing the face of accounting but it will not replace humans, says one person in the industry.

As Chartered Professional Accountants Bermuda gears up for an accounting careers fair next week, Jamila Godwin, senior manager, member engagement reassured those interested in the industry.

“AI will increasingly automate routine tasks such as data processing, reconciliations and certain analytical functions,” she said. “However, it cannot replace the human skills that are central to the profession. Professional judgment, ethical decision-making, critical thinking, communication and the ability to advise businesses remain essential.”

She said that while AI can process information, accountants are still needed to interpret results, challenge assumptions and provide trusted advice.

This comes despite a 2025 Goldman Sachs report identifying accountants and auditors as among the occupations most exposed to AI-driven automation.

Ms Godwin said accounting is not simply about processing information — it is about understanding the story behind the numbers, interpreting how business decisions affect an organisation and communicating those insights to stakeholders.

She said AI is a powerful tool that can enhance productivity and decision-making, but human expertise remains essential in helping organisations navigate complexity, manage risk and achieve their objectives.

However, she said going forward, AI competency is becoming increasingly important for aspiring accountants.

“AI should be viewed as a tool that enhances performance, not a substitute for knowledge or judgment,” she said. “The strongest candidates will be those who combine strong technical accounting skills with an understanding of emerging technologies, including AI.”

Ms Godwin said there continue to be strong opportunities for individuals pursuing careers in accounting.

She said that while AI is changing some of the tasks traditionally performed by entry-level professionals, it is not reducing the need for talented newcomers.

“In fact, many accounting firms and organisations around the world are facing challenges attracting and retaining qualified talent as experienced professionals retire and fewer individuals pursue professional qualifications,” she said.

Ms Godwin said for students and graduates, this presents a significant opportunity. “Employers continue to seek individuals with strong analytical skills, professionalism, adaptability and a willingness to learn. Those who combine accounting knowledge with an understanding of emerging technologies such as AI will be particularly well positioned for success.”

The profession is evolving, but the demand for future CPAs remains strong, she said. She predicted that entry-level professionals will continue to play a critical role as they develop the experience, judgment, and business understanding that organisations need.

CPA Bermuda encourages all those with an interest in business, finance or accounting to attend the careers fair on July 1 from 4.30pm to 7.30 on the upper level of Pier 6 in Hamilton.

• For more information or to register for the career fair, visit cpabermuda.bm