IMPACT OF AUTOMATION ON ACCOUNTING: WILL TECHNOLOGY ELIMINATE ACCOUNTANT ROLES?

Abstract

The rapid development of technology has significantly changed various sectors. The accounting industry has also undergone tremendous changes due to the integration of computerized accounting systems, automation, and internet-based accounting technologies. This study critically explores the extent to which technological progress threatens or reshapes the traditional role of accountants. This study aims to examine the degree to which automation and technology are integrated into current accounting practices and to evaluate the impact of automation and technology on the efficiency and accuracy of accounting practices. This study adopted a primary data research design. Data collection was conducted through surveys and questionnaires. Responses were collected from 137 accounting-related professionals and analyzed using descriptive data analysis and inferential statistics. The regression model yielded an R-squared value of 0.560, indicating that 56% of the variance in accounting practices is explained by computerized accounting systems, automated accounting and accounting internet technologies. Positive correlations were found between computerized accounting systems, automated accounting, and accounting internet technologies with accounting practices. These technologies enhance accuracy, efficiency, fraud detection, internal controls, and real-time financial decision-making. They also enhance financial decision-making by enabling real-time data access, reducing human error, and supporting transparency through tools such as cloud computing, blockchain, and artificial intelligence. The study concluded that technology has not eliminated the need for accountants, but has redefined their role and expanded the scope of their responsibilities. This study contributes to the accounting field by highlighting how technological advancements are reshaping professional roles and client expectations. It provides valuable insights into how firms can use innovation to improve service quality and remain competitive. The findings support the need for skills development so that employees can adapt to increased automation and take on more strategic decision-making roles.