Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

The transformation of the accounting profession in the United States From information processing to strategic business advising

The transformation of the accounting profession in the United States From information processing... This paper will demonstrate that the continuous evolution of the accounting profession is in response to the major problems and regulations that exist in any given period. This metamorphosis yields opportunities, challenges, and sometimes results in stark contradictions that the profession must struggle with in order to go forward. The accountant has undergone a dramatic change during the 20th century. The transition from a bookkeeping and tax preparation role to one of a strategic management consultant has been dramatic. Accountants have moved from the back office to the front office. They have often redefined their roles from information processors to strategic business advisors. The key drivers that brought about this change in role include mass production, increased competition among accounting firms, advances in information technology, saturation in the audit service market, pressures on audit service partners, globalization, and the ever changing regulatory environment. This paper examines these changes in light of the challenges of the profession during the early 21st century. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Management Development Emerald Publishing

The transformation of the accounting profession in the United States From information processing to strategic business advising

Journal of Management Development , Volume 23 (10): 13 – Dec 1, 2004

Loading next page...
 
/lp/emerald-publishing/the-transformation-of-the-accounting-profession-in-the-united-states-AoMKz0mwr0

References (13)

Publisher
Emerald Publishing
Copyright
Copyright © 2004 Emerald Group Publishing Limited. All rights reserved.
ISSN
0262-1711
DOI
10.1108/02621710410566856
Publisher site
See Article on Publisher Site

Abstract

This paper will demonstrate that the continuous evolution of the accounting profession is in response to the major problems and regulations that exist in any given period. This metamorphosis yields opportunities, challenges, and sometimes results in stark contradictions that the profession must struggle with in order to go forward. The accountant has undergone a dramatic change during the 20th century. The transition from a bookkeeping and tax preparation role to one of a strategic management consultant has been dramatic. Accountants have moved from the back office to the front office. They have often redefined their roles from information processors to strategic business advisors. The key drivers that brought about this change in role include mass production, increased competition among accounting firms, advances in information technology, saturation in the audit service market, pressures on audit service partners, globalization, and the ever changing regulatory environment. This paper examines these changes in light of the challenges of the profession during the early 21st century.

Journal

Journal of Management DevelopmentEmerald Publishing

Published: Dec 1, 2004

Keywords: Accounting; Professions; Change management

There are no references for this article.