Top Global Accounting Trends We Should Know

16 Apr

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As 2025 gains momentum, the accounting industry continues to evolve rapidly—and South African accountants need to stay ahead of the curve. According to global expert Ricardo Buenrostro, ongoing education and adaptability are key to navigating this changing landscape. So, what should local professionals be focusing on?

Here are the top global trends reshaping the profession:

☁️ Cloud Accounting Is Now the Norm

Cloud-based tools are no longer optional. They offer real-time access, seamless collaboration, and automatic updates—perfect for remote teams and tight tax deadlines.

📊 Data Analytics + AI = Smarter Accounting

From automation of routine tasks to using AI for deeper insights, accountants are increasingly expected to interpret data—not just record it.

🌍 ESG Reporting is Here

Environmental, Social, and Governance (ESG) metrics are moving into mainstream reporting. With global standards from bodies like the ISSB on the horizon, local firms may need to upskill in sustainability reporting.

🧾 Regulatory Compliance = Trust

Staying up to date with IFRS, SARS requirements, and assurance standards is more crucial than ever. Non-compliance risks fines—and your reputation.

🤝 The Rise of Client Advisory Services (CAS)

Compliance work alone isn’t enough. Firms are growing by offering value-added services—think financial planning, tech consulting, and business strategy advice.

📈 Don’t Forget the Old Favourites

Crypto taxation, green tax incentives, cross-border tax planning, and the remote work debate are still on the radar. Tax professionals must be more versatile than ever.

💡 Why Is This Important?

These trends reflect a shift from transactional bookkeeping to strategic, tech-savvy advisory roles. If you're in practice in South Africa, it's time to think beyond the spreadsheet and invest in skills that will future-proof your career.

➡️ For more information read the original article in USDAVIS.