09-20-2009, 06:03 AM
Well, I'm not an expert.
Dynamics of every professions & roles change as technology improves. As technology changes, more specialized & professional staff is in demand & clerical works are automated. As far as general accounting functions etc. writing up cash book, ledgers etc are concerned even in a manual system is no problem & any non accounting person can write the books with guidance of an accounting person in the beginning & then can take up the work.
Forecasting, planning etc. are specialized professional works & technology eases the work by doing lengthy calculations etc but doesn't replace the professional person rather complements it. Other than calculating formulas & generating reports, a lot of other things such as professional judgement etc. are required & that is the reason large companies pay hefty amounts to auditors, financial analysts etc.
As far as audit is concerned, computers cannot be a replacement of Auditors.
However, when the time comes when artificial intelligence is developed so much that there would be no need of professional judgment, thinking than there would be no need of doctors, engineers & accountants.
Dynamics of every professions & roles change as technology improves. As technology changes, more specialized & professional staff is in demand & clerical works are automated. As far as general accounting functions etc. writing up cash book, ledgers etc are concerned even in a manual system is no problem & any non accounting person can write the books with guidance of an accounting person in the beginning & then can take up the work.
Forecasting, planning etc. are specialized professional works & technology eases the work by doing lengthy calculations etc but doesn't replace the professional person rather complements it. Other than calculating formulas & generating reports, a lot of other things such as professional judgement etc. are required & that is the reason large companies pay hefty amounts to auditors, financial analysts etc.
As far as audit is concerned, computers cannot be a replacement of Auditors.
However, when the time comes when artificial intelligence is developed so much that there would be no need of professional judgment, thinking than there would be no need of doctors, engineers & accountants.
