Dabie Tsai is a former partner of KPMG, which provides tax, advisory and tax services globally. Tsai worked at USA, Canada, Spain and Chile practices, and led large multinational accounts. She has significant expertise in US GAAP, IFRS, and internal control over financial reporting.
Tsai was an audit partner for more than a decade, leading the audit teams’ interactions with her clients’ audit committees, regulators, internal auditors and senior management. According to Dabie Tsai, the future of accounting is bright because no company could survive without proper accounting mechanisms. She notes that many startup companies fail to prosper upon reaching a certain juncture because they lack the appropriate accounting infrastructure.
Additionally, credible accounting applies even in well-established companies. It’s difficult for a company’s management team to evaluate the company’s performance and objectives if there is no critical set of accounting policies in place. However, Dabie Tsai admits that accounting has drastically changed because of technology. She notes that the future of accounting will rely on new technologies like data analytics and artificial intelligence.
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