😊 MODEM ACCOUNTING TRENDS [PART : 1] 😊
ALL ABOUT ACCOUNTING : 51st BLOG 💎 ACCOUNTING💎 ⭐ MODEM ACCOUNTING TRENDS : Hi friends 🙏 Today's discuss fifth learning section... So let's discuss .... Automated accounting process : Automating more accounting processes is a key trend in the industry. Automation eliminates confusion and minimizes errors, which is why companies are more inclined to invest in automated solutions. Since the process relies heavily on computers, businesses face the risk of falling victims to fraud and compromised security. These led to an increased demand for internal auditors to check for any data inaccuracies. Thus, there is no need for in-house accounting services to worry about getting replaced by bots. According to an ACCA Study, over 50% of C-level executives in the accounting industry expect the development of automated accounting systems. In the coming years, it will have the highest impact across several industries, allowing accountants to