DEVELOPING INFORMATION SYSTEMS FOR THE CONTEMPORARY ACCOUNTING PROFESSION: Challenges and recommendations

This chapter presents key considerations on developing information systems (IS) for the contemporary accounting profession. The profession has evolved over the past number of decades and has brought about growing demands due to advances in technology and availability of big data. This chapter outlines the growing capabilities of IS and the growing expectations this sets across industry. The chapter also describes the use of accounting information systems (AIS) and how systems development and methods play a key role to inform their design and development. The chapter explores the impact of systems development within the accounting profession and the growing demands for accountants with skills in data analytics. The chapter concludes with some key challenges and recommendations to consider for AIS and data analytics implementation and development on the accounting profession.