Accountants bluff their way through technology

The accounting profession is undergoing its biggest technological transformation since the introduction of the personal computer and accounting curriculums will need to be overhauled to keep up with the changing environment, according to one leading accounting institution. Technology has transformed the accounting industry and will continue to do so in the coming years. However, concerns have been raised about the ability of accounting professionals to keep up.

According to a new survey by online training platform, FINTECH Circle Institute, 94% of financial services professionals suspect their colleagues of using buzzwords such as “Blockchain” and “Artificial Intelligence” without understanding their meaning. Over half, 60%, claim that such bluffing is a common occurrence. This is not good news.