Effect of technological advances in the practice of public accounting

Abstract

This research study aims at analyzing the effect of technological advances in the practice of public accounting in Colombia. This quantitative field study was classified as descriptive, non-experimental and transactional. Both a systematic review of bibliography and a structured interview administered to teachers from Uniremington School of Accounting Sciences were used as data collection techniques. The findings show that technological advances have had a positive effect on the public accounting profession. Information and communication technologies offer an opportunity for accountant professionals to grow and increase their competitive edge in the globalized world today. The effect of these technologies in financial organizational processes has led companies, universities, the State and other organizations regulating the accounting profession to search professionals who are capable of carrying out all the business-related activities. They require strategic-thinking, innovative professionals, with analysis capacities, executing leadership in processes and costs and with strong assertive communication and skills in the use of legal language.

Keywords

• technological advances
• public accounting
• professional practice
• technology
• information and communications
• ict