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.
Accountants, future prospects, technology
Accounting | Management Information Systems
Corporate Reporting and Disclosure; Accounting Information System
IS Chartered Accountant
Institute of Singapore Chartered Accountants
GOH, Clarence; SEOW, Poh Sun; and PAN, Gary.
Automation and the Accounting profession. (2017). IS Chartered Accountant. . Research Collection School Of Accountancy.
Available at: http://ink.library.smu.edu.sg/soa_research/1640
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