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there is no future for Accountants?

saikanth (accountant) (26 Points)

09 October 2018

As per recent articles in paper I studied that accountant and audit jobs will abolish, will it happen? if it is what is solution?

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7 Replies

Giri (Student CA IPC / IPCC) (54 Points)
Replied 09 October 2018

Hi, I am also have fear of this matter. recently I started tax consultant work. consistently increasing client base. Let us see what happen in future. or change field now or in future

1 Like

RAJA P M ("Do the Right Thing...!!!") (127058 Points)
Replied 09 October 2018

Hi Both of You...!

Why You think that way...?
Any reason or Problem...?

Share your thoughts...

saikanth (accountant) (26 Points)
Replied 09 October 2018

Due to blackchain and machine learning

RAJA P M ("Do the Right Thing...!!!") (127058 Points)
Replied 09 October 2018

can't understand. Please be give details with Elobrate based on your thoughts. Don't be give plain explanation Dear...

Vineeth Ajith (Final Student) (61 Points)
Replied 10 October 2018

Dont worry. Amidst all those fear, sharp intelligence of a professional shall prevail among other things.

The only way to banish all these doubts is by sharpening our knowledge, updating on our applicable areas and ofcourse being in touch with professional colleagues and building transactional relations.

Blackchain and machine learning may be a substitute for mechanical accounting work but never for a professional competent who deals in decision making area.

Regards

1 Like

raj kamal singh (Auditor) (528 Points)
Replied 10 October 2018

It is totally basesless.In fact,scope of audit professional increasingly day by day as technology improves.Not only this ,form of audit has also been changed.Earlier,internal audit was related to financial audit,then extended to operational audit,then risk basedthen IT ,then forensic....there is no stop over.....

1 Like

Joey Tribbiani (fdg) (2010 Points)
Replied 10 October 2018

Somewhat true. Machine learning and AI will replace most of the repetitive tasks and will affect all the fields equally,including accounting. However currently AI is in development phase,specialised knowledge of a human will still prevail over a machine. Also, the automation requires human expertise. Interestingly Indian companies, so called lala companies do not even utilise ms excel to its full potential,AI is atleast a 50 years away in their case,and this is a good 95pc of employers in India. So just chill,enhance your knowledge in automation too along with accounting.