Reference no: EM132260791

Discussion: Current & Future Issues In Accounting

Please provide your thoughts on the following:

"The accounting industry is changing rapidly. The role of the accountant is becoming more of an advisory one as technology automates processes and removes the need for paper. With technology bringing constant change, accountants need to be able to adapt quickly and react to whatever curve ball is thrown at them.

Honesty is highly valued in the accounting world. Accountants and the firms they work for pride themselves on adhering to the highest ethical standards and always treating their clients with honesty and integrity. It is important to be transparent when making decisions, providing advice, and completing tasks.

Accountants should look to be knowledgeable in general information technology and accounting software. Cloud accounting is the latest technology break-through in the accounting industry. Working in the cloud means data and software are available anytime and anywhere, so clients can keep their finances up to date across different platforms. Many clients will also be technically savvy about the cloud, but for those who aren't, the accountant needs to step in and explain it clearly."