Analysis of the Effects of Digitalization on the Members of the Accounting Profession: Examining the Academic Studies Conducted Between 2020-2024
Year: 2024
Type: article
Abstract: Members of the accounting profession play an important role for both the state and the taxpayer. The government defines the accounting profession as an intermediary for the correct accrual and collection of tax, and the taxpayer as an intermediary for paying less tax. The realization of the accounting process through technological applications by moving away from the traditional understanding creates many advantages and disadvantages for the state, members of the accounting profession and taxpayers. This change is defined as digitalization. Digitalization creates significant transformations in the accounting profession. While the integration of technology enables accounting transactions to be performed more efficiently and accurately, it also brings some challenges. Adapting to technological developments and constantly updating oneself is critical for members of the accounting profession to maintain their professional success. The digitalization of the accounting profession brings many positive aspects such as efficiency, data analysis, time saving, accuracy and accessibility, as well as some negative aspects such as security, cost, systemic errors and human resource requirements. In order for digital transformation to be successful, it is important for members of the accounting profession to cope with these challenges and use technology effectively. The aim of this study is to reveal the effects of digitalization on accounting professionals and the change in accounting practices. In particular, the study reveals the importance of accounting professionals for both the government and the taxpayer. In order to achieve this goal, academic studies, reports of institutions and organizations in this field between 2020 and 2024 were examined in the literature and their possible impacts were identified. Studies reveal significant improvements in productivity, job quality, satisfaction and motivation with the implementation of digitalization in accounting. In particular, it is emphasized that it is necessary for accounting professionals to adapt to technology, otherwise they will lose their profession.As a result of the examinations, it is revealed that it is mandatory for accounting professionals to adapt to technological innovations. It has been revealed in the studies that those who cannot adapt may be unemployed or earn less than other professionals and that the accounting profession will turn into a structure that provides consultancy services over time.
Author: Erkan Uzun
Institution: Tarsus University
Language: English
Subfield: Industrial and Manufacturing Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: green
OpenAlex ID: W7026592378
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