Widespread computerization and automation of business operations. Part II: Impact of new developments on the profession

Article Abstract:

A 1984 report prepared by the Electronic Data Processing (EDP) Technology Research Subcommittee of the Future Issues Committee of the American Institute of Certified Public Accountants is discussed; the report attempts to predict the impact of new developments in computer technology on the accounting profession. According to the report, microcomputers will eliminate many clerical tasks currently performed by accountants and auditors, while increasing audit efficiency. Automation will also affect tax accounting and management consulting services currently provided by most public accounting firms. Three of the report's basic findings are: (1) technological changes are occurring at faster rate with each successive year, (2) all technological advances will affect auditing and accounting in either a direct or an indirect manner, and (3) historically, the accounting profession has been reactive rather than proactive with regard to technological advances.

Innovations, Auditing

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Expert systems; an important new technology for accountants

Article Abstract:

Expert systems, computer programs that mimic human thinking through the application of artificial intelligence, can be used by accountants in such areas as audit planning, internal control analysis, and account attribute analysis. Am American Institute of Certified Accountants committee studied the application of expert systems to accounting and reports that expert systems can facilitate the preservation and distribution of specialized expertise and increase productivity. The basic components of expert systems are a knowledge base, an inference engine, an explanation facility, and a user interface. Unlike other computer programs, expert systems can use incomplete information and be easily changed. Accounting firms can either develop expert systems from scratch or buy a prepackaged shell and supply a knowledge base.

Software, Expert systems, Accounting software, American Institute of Certified Public Accountants

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Widespread computerization and automation of business operations

Article Abstract:

The accounting profession now offers the general use of computers that has led to a new relationship for the client and the CPA, according to the report called Major Issues for the CPA Profession and the AICPA published by the Future Issues Committee of the AICPA. Before the next century, the growing increase in the use of computers and data technology is projected to change business methods for most areas and produce an array of new services and products.

Forecasts and trends, Automation

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