The accounting profession face to face with the changes imposed by technology, regulations and ethics: challenges and adaptability

Abstract

Accounting has evolved with society. It has adapted to the requirements of users and has continuously evolved from rudimentary accounting to computerized accounting, which entails processing speed, large volume of data, accuracy and many other advantages. However, the galloping evolution of digitized technology also entails a number of changes, which pose real challenges for the accounting profession, which has to adapt in order to once again refute the “predictions” of some that it will disappear. Through a descriptive analysis of new trends in accounting, this study aims to capture the main challenges for the accounting profession. CZU: 657.007.3:004:174.4; JEL: I21, M40, M41