Akademik Veri Yönetim Sistemi
12th Internatıonal Congress On Socıal, Humanıtıes, Admınıstratıve, And Educatıonal Scıences In A Changıng World Proceedıngs Book, İzmir, Türkiye, 11 - 13 Nisan 2024, ss.224-225
INDUSTRY 5.0 AND ITS EFFECTS ON THE ACCOUNTING OCCUPATION
Abstract
The purpose of this article is to investigate industry 5.0 and its effects on the accounting profession. Global competition and changes in the modern business world require accountants to think interdisciplinary, benefit from non-financial, financial and internal data, and have the ability to think in an integrated way to solve complex problems. Due to the innovations brought by Industry 5.0 in the business world, the role of professional accountants in the market must change significantly and they must use advanced technologies for this new role. For these reasons, it is especially important for professional accountants to have systematic thinking skills. Rapid developments in digitalization create the need to review the accounting profession and require the development of new capabilities. For this reason, international accounting firms make significant expenditures to develop recording and auditing technological systems with advanced technology infrastructure. Industry 5.0 prioritizes “human” and “environment” values over economic expectations, focuses on productivity and efficiency, and economic values, and tries to strengthen and increase the contribution of industry to society and the environment. For these reasons, industry 5.0 has led to significant expectations in the business world regarding the role that professional accountants should undertake. Depending on the expected changing role of professional accountants, widespread skills, higher technological knowledge, continuous adaptation to electronic systems and continuous training are required. This study specifically examines the gap in the literature regarding industry 5.0’s need for professional accountants to think in an integrated way and what future changes require. Since it is not possible for professional accountants to continue their jobs with traditional methods; It is necessary to develop interdisciplinary thinking skills that enable musaba activities to be solved effectively and interconnectedly. For the accounting profession to meet the demands of Industry 5.0, innovation and change and technologies adaptation are required; A large part of the professional accounting and auditing professions need to be integrated with advanced electronic systems. Qualitative deductive method was used in writing this study in the field of Industry 5.0 and its effects on the accounting profession. In this context, secondary sources on the subject were scanned; Articles, books, theses and similar written works will be used. In this study, which is about the security of accounting information systems, the features of Industry 5.0, its purpose, benefits, its impact in terms of auditing, how to develop a strong accounting system, the effects of employee participation, the benefits of developing a strong internal control system for the parties, etc. The findings and suggestions to be obtained by examining the topics will be presented to researchers, businesses, institutions, professionals and those who are interested.
Keywords: Accounting, Accounting Profession, Society, Environment. Industry 5.0