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

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 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

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