create slide for this topic :Technology and Digital Innovation in the Accounting Profession

$.$ first key issue is : Technology and Globalization Enabling Non$-$Accountants to Take On Accounting Roles. paragraph: Potential job displacement in the accounting sector is one of the biggest worries related to technology and digital innovation. Automation and artificial intelligence $($AI$)$ are getting better at doing repetitive accounting operations that used to be performed only by qualified people $($Kokina & Davenport, $2017).$ User$-$friendly software now allows people with little to no accounting knowledge to conduct basic bookkeeping, payroll, and tax preparation, thanks to the integration of online work platforms. The need for professional accountants may decline as a result of customers choosing less expensive options, which would be a serious threat to accountants $($Sabuncu$,2022).$ Furthermore, globalisation has permitted the outsourcing of accounting duties to locations with lower labour costs, worsening job insecurity in industrialised economies $($Mustata$,$ Matis, & Bodea, $2007).$ The combination of these two dynamics, technology and globalisation, makes it simpler for non$-$accountants to do accounting tasks, potentially reducing the demand for professional accountants $($Jesus$,$ Campos & Oliveira $2020).$ This issue is directly related to another critical concern: the declining value of professional skills. Susskind $(2015)$ observes that technology is profoundly altering the function of human professionals, including accountants. Automation and digital platforms may erode the idea of accounting as a specialised, knowledge$-$based job. If customers feel that software can replace human knowledge, the value of the accountant's position in providing key insights, decision$-$making, and judgement will decrease.

Addressing these difficulties is critical for a variety of reasons. First, the accounting profession must adapt to remain relevant in the digital age. Vasarhelyi, Kogan, and Tuttle $(2015)$ underline that big data analytics and automation are altering accounting activities, necessitating the development of new skills. If the profession does not change, accountants risk becoming obsolete as their basic functions are increasingly delegated to computers and non$-$professionals.

Second, the erosion of professional ethics is a severe issue. Non$-$accountants' capacity to undertake accounting chores via digital platforms raises concerns about the integrity and quality of financial reporting. Non$-$accountants who lack proper training or a thorough understanding of accounting concepts may produce erroneous financial reports, resulting in errors that hurt firms, stakeholders, and the economy as a whole. Finally, failure to address these challenges could have serious societal effects. Automation continues to displace labour in a variety of industries, and the accounting profession is no exception. Large$-$scale job displacement may have a rippling impact on communities, raising unemployment and adding to economic inequality. Furthermore, society looks to accountants for transparency and accountability in financial reporting, especially in areas such as corporate governance and sustainable accounting $($Laine$,$ Tregidga, & Unerman, $2021).$ The substitution of accountants with non$-$professional alternatives may undermine the safeguards that protect the public interest.

The implications of these concerns for the accounting profession are significant. First, accountants' roles are anticipated to move from regular activities to higher$-$level consulting services. This transformation will necessitate accountants learning new skills in data analytics, digital technologies, and strategic decision$-$making $($Richins et al$.2017).$ As more transactional labour is automated, accountants will be forced to concentrate on jobs that demand critical thinking, such as assessing financial data and advising on complicated business decisions $($Kokina & Davenport $2017).$ Furthermore, educational institutions must modify their curricula to better train future accountants for this changing landscape. Traditional accounting education, which has historically concentrated on technical abilities, must increasingly include training in digital technologies, artificial intelligence, and ethical decision$-$making in a digital setting $($Sabuncu$,2022).$ Failure to do so may result in a workforce unprepared to deal with the intricacies of today's accounting environment.