By Angie Brown, Accounting Today
The accounting profession is facing enormous change, much of it related to technology. This not only includes the use of data analytics and the automation of many accounting tasks, but also the rising challenges of cybersecurity and IT governance. The role of accountants has changed too, becoming more strategic than in previous eras.
Accountants are still expected to report the numbers; they’re also increasingly relied upon to use that data to inform business decisions, and that requires a greater emphasis on critical thinking skills. It’s also made it necessary for CPAs to more actively contribute to long-term financial strategy and not just the current numbers.