Category Archives: accounting

Dabie Tsai’s Opinion About the Future of Accounting

Dabie Tsai is a former KPMG partner with over 23 years of experience offering assurance services to a global customer base. She held various leadership roles with the company, including Partner Champion for KPMG’s Network of Women and also its Asian Pacific Islanders Network. She was also a member of KPMG’s Lead Partners Forum and the KPMG Executive Leadership Institute for Women.

As an industry expert, Tsai has received various awards, including the KPMG Mentoring Award. She has been published in financial newspapers and spoken to an array of audiences, including both professional and industry forums and universities. She also has significant expertise working in various countries around the world.

 

During an interview, Tsai said that, as a former Big Four firm partner, she understands that accounting is tremendously essential to any company, since it serves as the foundation of the organization. Without the best accounting practices and policies, an organization may lack the strong infrastructure needed to provide the necessary support for its main activities and operations. According to Tsai, unless appropriate accounting policies and practices are put in place, a new company may run into functional and operational difficulties, which may ultimately limit its growth. This will also hinder the corporate governance and its ability to offer transparent business reporting accountability.

About the future of accounting, Tsai said that accounting standards evolve and advance all the time, and so does a company’s business. This is why it is essential to utilize and leverage proper accounting practices as an organization seeks to execute its strategy and vision.