- 1 Marks
Question
How has technology-driven disruption affected the accounting profession over time?
- A. It shielded accounting from disruptions, leading to minimal changes in the industry
- B. The transition to computerized accounting eliminated the need for accountants’ involvement
- C. Accountants adapted to a machine-driven environment through new technology and automation
- D. The accounting profession has seen a decline in employment opportunities due to technological advancements
- E. Technology has complicated accounting practices without any beneficial outcomes
Answer
C. Accountants adapted to a machine-driven environment through new technology and automation
Explanation: The answer C is correct as technology has transformed the accounting profession, enabling accountants to leverage automation and analytics to enhance efficiency and effectiveness.
- Tags: Accounting Profession, Disruption, Technology
- Level: Level 1
- Topic: Roles of Accountants in Business and the Economy
- Series: NOV 2023
- Uploader: Theophilus