Dawn or Doom: Technology, Technologist and the Future of the Accounting Profession

Abstract

This research looks at the possibility of technology replacing accountants and the possibility technologists will replace accountants. The current era of accounting is dominated by mobile devices, big data, cloud technologies, and improved accounting systems. The problem is accounting firms have been slow to fully use these new technologies. To stay competitive, firms need to employ these technologies. Researchers interviewed high profile accounting technology leaders from professional organizations in the accounting industry including managers, partners at accounting firms, and data scientists. Researchers used white papers, peer-reviewed materials, and personal interviews to collect data. The findings provide an overwhelming realization that technology can aid accounting. Researcher’s found technologists cannot replace the profession’s most valued skills.