by Tom Hood and Bill Sheridan, Maryland Association of CPAs & Business Learning Institute
New technologies are transforming the accounting profession, and they’re also transforming the skills we’ll need to stave off extinction.
In a paper titled “The Future of Employment: How Susceptible are Jobs to Computerisation?” University of Oxford researchers Carl Benedikt Frey and Michael Osborne tried to gauge the odds that certain occupations will be completely automated within the next 20 years. Among their predictions:
- Tax preparation: 98.7 percent
- Bookkeepers: 97.6 percent
- Accounting and auditing: 93.5 percent
In fact, only seven occupations – cargo and freight agents, watch repairers, insurance underwriters, mathematical technicians, hand sewers, title examiners, and telemarketers – fared worse in the study than tax preparers.