International Accounting

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Intelligent technologies and the future of accountancy

Vol. 23, Iss. 3, MARCH 2020

Received: 3 March 2020

Received in revised form: 6 March 2020

Accepted: 10 March 2020

Available online: 16 March 2020


JEL Classification: M41, M49

Pages: 286–296

Pankov V.V. Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation

ORCID id: not available

Kozhukhov V.L. Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation

ORCID id: not available

Subject Gaining momentum and influencing accounting processes, modern information technologies make people think that accountancy will soon cease to exist as a profession. Accountancy undergoes deep transformation processes as digital intellectual technologies develop and get integrated into accounting practices.
Objectives We review the general trend in the development of accounting in the nearest future as innovative methods of accounting spread and digital and communication technologies are integrated into business practices.
Methods The study is based on logic methods of research, systems analysis and synthesis.
Results The article investigates the main tendency of changes that happen in accountancy, which rests on three IT pillars, i.e. Big Data, data analysis and artificial intelligence. Each of them reshapes accounting approaches and methods. Summarizing the general intellectual trend, we conclude that it is erroneous to think that the accounting profession is fading away. It is necessary to more diligently analyze and evaluate the impact of modern intellectual systems on the future of accountancy.
Conclusions and Relevance We disclose global trends in the development of digital intellectual technologies in accounting to spotlight the common line in accountancy. The issue of accountancy as a disappearing profession should be reformulated to determine how professional competencies should be transformed to meet the new reality of the digital future.

Keywords: accounting, changes, profession, intelligent technologies


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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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Vol. 23, Iss. 3
March 2020