The dark side of the industrialisation of accountancy: innovation, commoditization, colonization and competitiveness

The dark side of the industrialisation of accountancy: innovation, commoditization, colonization and competitiveness

Technological innovation continues to play a fundamental role in disrupting many industries, but the impacts of digital innovation on accountancy and its effect on firms and individuals remain somewhat overlooked. Nevertheless, technological innovation is transforming accountancy work and business m...

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Bibliographic Details
Published in:Industry and innovation Vol. 28; no. 1; pp. 42 - 57
Main Authors: Gardner, Emma C., Bryson, John R.
Format: Journal Article
Language:English
Published: Sydney Routledge 02-01-2021
Taylor & Francis Ltd
Subjects:
Accounting
audit
Business
Colonization
Companies
Competitiveness
deskilling
Industrialization
Innovations
New technology
Occupations
professional services
Regulation
Service areas
Technological change
technology
Technology adoption
Work skills
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Summary:Technological innovation continues to play a fundamental role in disrupting many industries, but the impacts of digital innovation on accountancy and its effect on firms and individuals remain somewhat overlooked. Nevertheless, technological innovation is transforming accountancy work and business models as firms react to competition and regulatory restrictions. The analysis of sixty semi-structured interviews with UK accounting firms reveals how the adoption of new technology and alterations in regulations impacts on accounting practices. In turn, this research raises questions about the nature of professional occupations, the deskilling of accountancy and colonization of new service areas, challenging the extant conceptualisation of knowledge-intensive services.
ISSN:1366-2716
1469-8390
DOI:10.1080/13662716.2020.1738915