The Transformation of the Accounting Profession Within a Digitalized Economy and the Impact on Accounting Education

One of the megatrends in the immediate future of entrepreneurship is the digitalization of production, operations and processes. As accountants stand in the intersection of all functions within a business, they have embraced waves of automation over many years to improve the efficiency and effectiveness of their work. Technological advancements are impacting radically the accounting profession and this should activate transformation policies in the accounting educational sector. The present study aspires to explore the influence of digitalization on the accounting profession and its relation to the readiness of Higher Education Institutions (HEIs) to prepare future accountants.