A Qualitative Approach Regarding the Impact of Digitalization and Automation on the Accounting and Auditing Profession

Oana-Cristina Stoica () and Liliana Ionescu-Feleaga ()
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Oana-Cristina Stoica: Bucharest University of Economic Studies, Romania
Liliana Ionescu-Feleaga: Bucharest University of Economic Studies, Romania

The Audit Financiar journal, 2024, vol. 22, issue 176, 742-757

Abstract: In recent years, companies worldwide have faced a rapid pace of digitization and automation, which has led to change and adaptation of business models. From this point of view, new technologies have revolutionized the field of accounting and auditing, having both positive and negative effects on companies and employees. This paper highlights how changes brought about by technological progress influence the accounting and auditing profession and the role of other factors in this direction, using a qualitative method based on semi-structured interviews. The study results show that the benefits are visible at the company level. However, certain obstacles still exist, such as employees' resistance to change, the size of the initial costs or the systems used. On the other hand, professionals expect some entry-level jobs to disappear. Instead, other opportunities will be available for practitioners in the field. In this sense, universities will have a unique role in training the new generations by developing skills for the digital age. The present study may be of interest to researchers examining related issues. From a practical point of view, this paper could be helpful to professionals as it highlights several current needs of the business environment due to the impact of technological innovations.

Keywords: digitalization; automation; accounting profession; auditing; impact (search for similar items in EconPapers)
JEL-codes: M41 M42 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:aud:audfin:v:22:y:2024:i:176:p:742

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