The accounting profession is undergoing a change

Azim, Mohammad (2023) The accounting profession is undergoing a change. Accounting, Auditing and Accountability Journal, 36 (7/8). p. 1870.

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Abstract

The accounting profession is currently experiencing a transformative shift, driven by advanced technologies that are revolutionizing traditional practices. This abstract explores key themes shaping this change, such as the influence of cloud computing, which enables seamless storage and accessibility of financial data. Blockchain technology ensures the integrity of transactions, emphasizing the importance of security. Additionally, sustainability concerns are pushing accountants to showcase the impact of businesses on the environment. Cybersecurity remains a constant challenge in safeguarding sensitive information. The emergence of the metaverse further blurs the line between the virtual and real worlds. Amidst these changes, the role of ChatGPT, an intelligent assistant, becomes crucial, simplifying complex tasks. Adaptability and openness to embrace new tools are emphasized as essential qualities for accounting professionals, as the future of the industry lies in leveraging technology for innovative solutions and unparalleled opportunities.

Item ID: 80988
Item Type: Article (Creative Work)
ISSN: 1368-0668
Keywords: ChatGPT, Blockchain, Cyber Security, Sustainability, Accounting Profession
Copyright Information: © Emerald Publishing Limited
Date Deposited: 09 Nov 2023 01:10
FoR Codes: 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3501 Accounting, auditing and accountability > 350199 Accounting, auditing and accountability not elsewhere classified @ 100%
SEO Codes: 16 EDUCATION AND TRAINING > 1699 Other education and training > 169999 Other education and training not elsewhere classified @ 100%
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