TECHNOLOGY CHANGES AND IMPACT ON ACCOUNTING PROFESSION. A CASE OF BANK SERVICE IN THE ASHANTI REGION

Abstract

This study explores the impact of Technology in accounting firms. The study investigates different issues that have an impact on Technology in accounting firms including: productivity; performance; accuracy; cost; time; output and quality. The study will evaluate the influence Technology has inflicted on each of these components within accounting firms. Academic studies and critiques will be explored in relation to the use of Technology in accounting firms. The structure of the study will be underpinned by the exploration of various data collection methods. The study uses a purposive sampling method to sample one hundred and twenty (120) respondents from nine accounting firms. However only one hundred (100) were retrieved and analyzed and the results are displayed in diagrams. The finding of the research proves that employees from different accounting professions accept the use of technology within their work field to makes their work more efficient and effective. It was further recommended that due to security issues and difficulties associated with the use of technology and its applications, it is essential for management to have appropriate procedures in place to deal with these security issues and employees receiving the required training in relation to the use of technology.