The common wisdom these days is that every business is a technology business, but it might be more true to say that every business is a business that wrestles with technology — trying to make the most of the opportunities it offers while minimizing the disruption and disintermediation in inevitably brings — and accounting is no exception, according to the profession’s leaders.
In an informal survey of the top figures in accounting, technology and technology-related issues were top of mind, with industry experts citing a wide range of implications for accountants, from the dangers posed by automation and hackers to the new services springing up in data analytics. “The issue of technology is reaching across the profession and having an impact on human capital, marketing, business development, firm management, client service and regulation,” explained Kim Fantaci, president of the CPA Firm Management Association. “From automation to cybersecurity, everyone and every project/initiative are affected. Those within the profession will continue to struggle to remain ahead of the changes and requirements.”
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