9 Developments Shaping The Future Of Accounting

Accounting has long been viewed as a static,
numbers-crunching job. Accountants have historically been relied upon to ensure numbers are accurate so that an organization can understand its financial position and meet its financial obligations. But that role has changed, and it continues to change rapidly

The combination of a fast-evolving regulatory landscape, emerging business trends and relentless technological innovation is changing the way financial data is collected, managed and interpreted. The COVID-19 pandemic spurred many of these changes, resulting in new regulatory and tax concerns, forcing dispersed accounting teams to find new ways to collaborate, and pushing more organizations to consider cloud-based technologies that could help them conduct business as usual from home.

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