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Thursday, April 12, 2012

NEW ROLE OF PROFESSIONAL ACCOUNTANTS


The roles of accountants are mostly as managers and advisers in use of information technologies to various type and sizes of the organization. Moreover, it is expected that accountants should have accepted level of competence to perform and process the financial information.  The accounting profession has the obligation to provide reliable information that meet the required accounting standard and have continuous professional development.
The overall nature and economies of the accounting profession has changed by the information technology. Accountants are required to be train in information technology used in accounting in order to compete in the current changing world. Rapid pace of IT increases the need to integrate the information technology into the operational, management and financial control system. Due to this reasons number of professional accountants provide information technology related consultancy services to the organizations. They are analyzing the design of the business, rectifying the weaknesses and reporting the more reliable information.
Various roles of professional accountants are as follows;

The user of Information Technology

1.     Financial controller
2.     Financial manager
3.     Tax practitioner
4.     Analyst

The accountant as assurance provider and evaluator

1.     Internal financial auditor
2.     Evaluator of information systems
3.     Audit professional

The accountant as manager of information systems

1.     Knowledge manager
2.     Data center manager
 
Efendi J., Mulig E. & Smith L. Information Technology and Systems, Research Published in Major accounting Academic and Professional, Journals. Journal of Emerging Technologies in Accounting. 2006,3:117-128.

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