Abstract
The goal of the paper is to provide a comprehensive insight into the implications that the process of business digitalization has on the roles and competencies of accountants. Due to current technological changes, all integral parts of accounting as a business function have undergone or will undergo corresponding changes shortly. Research is based on secondary sources of materials. A structured review of academic literature on the impact of digital technologies on accounting and corporate reporting has been performed by collecting peer-reviewed papers from the Web of Science and Scopus databases. The contribution of the paper is reflected in highlighting innovative ways of communicating accounting information, both internally and externally. In that sense, the paper points out the changes that have occurred in the financial reporting process and current regulations, then in the field of management accounting, as well as recent changes in the scope of integrated reporting. The accounting profession will continue to evolve, and accountants will acquire new knowledge and competencies to respond to numerous challenges adequately. These findings are important for accountants and management and other participants in the corporate reporting chain, such as investors, creditors, capital market regulators, and auditors.
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Acknowledgments
This paper is a result of the research project financed by The Ministry of education, Science and Technology Development of the Republic of Serbia No. 451-03-68/2022-14/200116 and No. 451-03-1/2022-14/25.
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Savić, B., Pavlović, V. (2023). Impact of Digitalization on the Accounting Profession. In: Benković, S., Labus, A., Milosavljević, M. (eds) Digital Transformation of the Financial Industry. Contributions to Finance and Accounting. Springer, Cham. https://doi.org/10.1007/978-3-031-23269-5_2
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