The accounting of the future

In the current scenario, many economic opinion forums are making predictions about the future of accounting. The new technological wave, which incorporates more speed, more interconnectivity, more data processing capacity and more self-learning capacity, is perceived by some as a destructive wave that threatens the extinction of the accountant profession.

On the other hand, and due to several factors, any entrepreneur who wants to be at the top of their industry in the digital age must make the most of existing and future possibilities in accounting. More in-depth analyses of the changes highlight three major challenges that accounting it will need to face: new technological opportunities, the process of globalization in reporting practices, and new forms of regulation. Since these challenges require the integration of new technologies and the acquisition of new skills.

Just because of the opportunities that open up with the assimilation of this new technological potential, it is quickly realized that accounting is immersed in a profound transformation process that requires new skills. In addition to the attributes that intensify in this new context, such as the capacity to lead, to act and influence in multidisciplinary environments, or to integrate these new technologies, it plays a special role in accounting the professional linked to ethics and transparency. In an increasingly digitized environment, the accountant's ability to generate information and transmit it reliably becomes fundamental.

A accounting following the pace of business transformation is becoming increasingly important, including to provide third parties with the opportunity to visualize future economic scenarios. A accounting, besides being an important prerequisite for other areas of the company, it also plays an essential role in evaluating its continuity.

Contact TATICCA — ALLINIAL GLOBAL, which operates throughout Brazil and globally, with integrated auditing, accounting, tax services, corporate finance, technology, Risk Advisory, business consulting and training. For more information, visit www.taticca.com.br or email taticca@taticca.com.br and learn more. Our company has professionals with extensive experience in the market and has certified methodologies for carrying out activities.

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TATICCA is a firm that provides external and internal auditing, tax, business consulting and advisory services, corporate finance, training, technology, expertise and investigations, sustainability, risk mapping, accounting and related services. TATICCA is a member firm of ALLINIAL GLOBAL, a global alliance of independent auditing, accounting and consulting entities.

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