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What do you consider to be the biggest challenge facing the accounting profession today?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 preetham asked almost 3 years ago

Hi, What do you consider to be the biggest challenge facing the accounting profession today?Can you give a description on that.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 2 years ago

Keeping upto date on day to day changes in Accounting and Auditing standards (IFRSs and ISAs); Accounting of Complex transactions like Derivatices, Fair Values, Valuations etc

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Open uri20170510 32134 1uwcnoc?1494421631 Shubhangi Jain answered almost 3 years ago

Following are the biggest challange facing by the accounting profession; ------------------------------------------------------------------------ 1. Keeping upto date on day to day changes in Accounting and Auditing standards (IFRSs and ISAs); 2. Accounting of Complex transactions like Derivatices, Fair Values, Valuations etc 3. Technical know how of advance technological applications for accounting purposes, like SAP, Oracle, Spreadsheets etc

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