The Profession of the Digital Age: Accounting Engineering IFAC
In the twenty-first century, it is possible to see the footsteps of digitalization at almost every intersection of social life. Digital technology: it affects almost all aspects of modern life from individuals to societies, from economies to cultures—and changes the world. Rapidly changing technological, economic and thinking means professions are forced to change according to the world order, and professional organizations are looking for new approach models. In today's world, digitalization for professions has become a necessity rather than a choice. Professions that do not comply with technological changes will undoubtedly take their places on dusty pages of history.
As it is in other professions, the accountancy profession is also changing and developing as a result of digitization and technological developments. Thanks to computer systems, the workload of accountants has been reduced; complicated and difficult accounting transactions made using traditional methods are made easily and quickly. In accountancy’s future, the need for digitalization and transformation is imperative. Traditional accounting methods (such as paper, receipts, registration, declaration, notification, etc.) will eventually go, and all will be done by internet-based accounting systems (such as cloud system and blockchain technology). Against this unabated rise of digitalization, is the accounting industry ready for this revolution?
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