PREPARING THE FUTURE ACCOUNTING PROFESSIONAL FOR A RAPIDLY CHANGING WORLD

Abstract

Whether a CPA is working in public accounting or industry, one thing is clear: they must prepare for a changing environment. Disruptive technologies (such as artificial intelligence, data analytics, robotics process automation, and blockchain), are leading this change. They are not only affecting accounting professionals, but they are also impacting other professions and industries. The accounting professional will need to adapt and learn new skills required to master these technologies. This study will examine the skills accountants will need in this new age of technology. The study will also develop some guidelines regarding the training accounting students will need to be successful. CPAs and accounting professionals in both public accounting and industry were surveyed regarding their knowledge and use of these changing technologies. They were also asked to share how they are currently addressing these technologies in their work environment. In addition, these professionals have provided guidance regarding the skills that future students will need as they enter the accounting profession and confront these different technologies. The results show that while new skills are definitely needed, many of the current skills that students learn are still required.