CPA Australia warns companies against replacing entry-level finance and accounting roles with AI systems. The 2025 Business Technology Report reveals 19% of Asia-Pacific businesses, including 32% in mainland China, have reduced hiring for such positions due to AI integration. Only 8% of Australian firms have followed suit, but this trend may grow as AI investment increases.

The survey of 1,117 professionals in accounting and finance also shows a lack of emphasis on recruiting individuals with AI-related skills, with only 6% of businesses increasing such hires. Concerns were raised by respondents about overreliance on AI, potentially leading to decreased human oversight. Australian companies are now more likely to invest in AI in 2026, according to CPA Australia.

CPA Australia emphasizes the importance of maintaining human oversight in finance functions to mitigate risks associated with AI implementation. Businesses should not solely rely on technology for accuracy, assurance, and verification to avoid financial and reputational damage. Specialist human oversight remains essential to strike a balance between technology and human talent.

In October 2025, CPA Australia issued a statement regarding AUSTRAC’s new anti-money laundering and counter-terrorism financing regulations. While acknowledging the legislation’s positive intent, the accounting body raised concerns about its interpretation and potential impact on small businesses. CPA Australia stresses the importance of human oversight in financial functions to avoid risks associated with overreliance on AI.

Read more at Yahoo Finance: CPA Australia against replacing entry-level accounting jobs with AI