Digitalization of Accounting Profession: An Opportunity or a Risk for Future Accountants?

Awang, Yunita; Shuhidan, Shazalina Mohamed; Taib, Azuraidah; Rashid, Norfadzilah; Hasan, Mohd Sidki

doi:10.3390/proceedings2022082093

Cited by 8 publications

(4 citation statements)

References 35 publications

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“…Therefore, we have considered this gap one of the motivations for our research effort. (Hasan, 2022). The importance of this research is also correlated to the European AI strategy (Annoni et.al.…”

Section: Introductionmentioning

confidence: 85%

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TOE framework elements used on Artificial Intelligence implementation in the accounting and audit sector

Mihai,

Dutescu

2024

IJRBS

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The purpose of this article is to clarify the impact of technological, organisational, and environmental contexts in which Artificial Intelligence solutions are implemented by the accounting and audit companies in Europe. The organizational and environmental contexts were not enough studied in accounting and audit field but are becoming more and more important in the future. The applied methodology was based on a structured interview, to which it has answered 62 top financial specialists from 18 European countries, in companies with more than 10 years of experience in the accounting and audit sector. To design the structured interview, it was used the Technology-Organisation-Environment framework. A serious concern for the companies’ representatives consists in the lack of specialists capable to understand and work with Artificial Intelligence solutions. One option that is generally preferred by companies is to prepare their employees for these new tasks, rather than hiring qualified persons. There are two methods that can be used when implementing Artificial Intelligence, to buy specific provided solutions from third parties, or to developed them internally. Data storage and security, the complexity of Artificial Intelligence solutions and government regulations do not represent a threat to companies willing to develop this area. The main contribution of this study consists of an extensive analysis of the most important elements of Technology-Organisational-Environmental framework and their applicability for accounting and audit companies, which implemented or are willing to implement Artificial Intelligence solutions.

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Section: Introductionmentioning

confidence: 85%

“…Managers have a problem finding specialists in AI solutions. Instead of hiring AI specialists, which are rare and expensive, companies choose to improve the skills of their existing employees (Awang et al, 2022).…”

Section: Artificial Intelligence In Accounting and Auditmentioning

confidence: 99%

TOE framework elements used on Artificial Intelligence implementation in the accounting and audit sector

Mihai,

Dutescu

2024

IJRBS

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“…While this can create opportunities for interaction in hybrid work, it may also negatively affect, for example, teambuilding [ 117 ]. The negotiation of decision making and operational latitude occurs not only between humans, but also in interaction with algorithms and artificial intelligence [ 118 ]. Likewise, the frequently rapidly changing use of digital work tools requires and enables changed forms of learning at work [ 119 ].…”

Section: Discussionmentioning

confidence: 99%

Criteria and Guidelines for Human-Centered Work Design in a Digitally Transformed World of Work: Findings from a Formal Consensus Process

Tegtmeier

Weber²,

Sommer

et al. 2022

IJERPH

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With the increasing digital transformation, work tasks are changing—in some cases, significantly. Our study addresses the question of whether the established criteria for work design are still sufficient or if they should get updated and additional criteria become necessary in the context of digitalization. In a multistage consensus process involving interdisciplinary groups of experts, we have identified specific criteria for the humane design of work in a world increasingly permeated by digitalized work tools. Starting with an expert workshop using a combined nominal group/focus group technique, followed by a real-time Delphi study, a content analysis and a five-stage peer comment process, we detected 13 criteria and 38 design guidelines for human-centered work in digital transformation. Mapping these with established criteria, it became apparent that some established criteria have experienced a new dynamic because of the digital transformation. For other criteria, a need for digitization-sensitive design is discernible. In addition, criteria have emerged whose necessity is rooted in the digital transformation. A diffusion and stronger interconnection of the various levels of the work system in connection with the digital transformation of work is apparent.

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“…In the research by Awang et al (2022), they conclude that accounting professionals are receptive to and welcome the idea of automating repetitive and relatively easy tasks through IT infrastructure, which leads to recalibration of their tasks, increased time availability and thus the possibility of taking on more responsibility in terms of professional judgment.…”

Section: The Impact Of Digitalization On the Accounting Profession In...mentioning

confidence: 99%

The Impact of Digitalization on the Accounting Profession in Romania - A Quantitative Research

Socoliuc

2022

ISF

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The intensification of business globalisation, the large-scale extension of digitalisation in the business sphere, and the acceleration of technological progress as a result of research-development-innovation, are strongly influencing and impacting on the strategic and competitive objectives of companies, and implicitly on business models, leading to a redesign of management strategy towards the market, and towards traditional business models that are progressively replaced by other business models, in a new optic based on maximising competitive advantages. The aim of this research is to provide a comprehensive perspective on the impact that the digitisation process is having on business and implicitly on the accounting profession from the perspective of accounting professionals. The methodology of the study was based on the use of a quantitative research using a questionnaire as a research tool, in order to collect the data necessary to achieve the purpose and which was addressed to accounting professionals in Romania, namely in the north-east of the country. The results of the research highlighted the primary role of accounting professionals in the context of paradigm shifts from traditional to digitized accounting, to ensure a high level of service to management, with notable effects on business sustainability. The study is highly useful for the state and regulatory bodies that can adapt their future policies and strategies in the field of accounting and taxation, the academic world that must urgently adapt its university curriculum to the new realities imposed by the expansion of the phenomenon of digitization in accounting practices, as well as the management of entities that must identify the real opportunities of the use of digitization in the entity with medium and long-term effects on the creation of added value for it.

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Digitalization of Accounting Profession: An Opportunity or a Risk for Future Accountants?

Cited by 8 publications

References 35 publications

TOE framework elements used on Artificial Intelligence implementation in the accounting and audit sector

TOE framework elements used on Artificial Intelligence implementation in the accounting and audit sector

Criteria and Guidelines for Human-Centered Work Design in a Digitally Transformed World of Work: Findings from a Formal Consensus Process

The Impact of Digitalization on the Accounting Profession in Romania - A Quantitative Research

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