Publication Type
Magazine Article
Publication Date
10-2017
Abstract
Automation poses a threat to many of the tasks that are performed by accountants today. Certainly, many emerging technologies have already begun to perform tasks that have traditionally been performed by accountants. For example, advancements in cloud-based accounting software now make it much easier for small businesses to easily and accurately enter and edit financial information on their own without the input of accountants. Looking further into the horizon, newer technologies can now turn hard-copy receipts into a machine-readable format, encrypt them,and allocate them to an account without any input from a human. Such developments will continue to reduce the reliance of businesses on accountants.
Keywords
Accountants, future prospects, technology
Discipline
Accounting | Management Information Systems
Research Areas
Corporate Reporting and Disclosure; Accounting Information System
Publication
IS Chartered Accountant
Issue
October
ISSN
8521-3426
Publisher
Institute of Singapore Chartered Accountants
Citation
GOH, Clarence; SEOW, Poh Sun; and PAN, Gary.
Automation and the Accounting profession. (2017). IS Chartered Accountant. .
Available at: https://ink.library.smu.edu.sg/soa_research/1640
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
http://journal.isca.org.sg/2017/09/25/dons-column-automation-and-the-accounting-profession/pugpig_index.html
Comments
Abridged version published in Channel News Asia, 7 December 2017, link