Automation poses a threat tomany of the tasks that are performed by accountants today. Certainly, manyemerging technologies have already begun to perform tasks that havetraditionally been performed by accountants. For example, advancements incloud-based accounting software now make it much easier for small businesses toeasily and accurately enter and edit financial information on their own withoutthe input of accountants. Looking further into the horizon, newer technologiescan 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 developmentswill continue to reduce the reliance of businesses on accountants.
Accounting | Management Information Systems
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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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