A systematic review of disruptive technology within accounting and accounting sector

Abstract

Disruptive technology offers both opportunities and challenges for intensifying the organisational governance within the lens of the accounting sector. A collaborative decision making becomes necessities for competent and beneficial governance across the accounting sector. Through paradigm shift across the sector, thinking of how to form new governance from a repercussion of disruptive technology facing the sector is crucial. Disruptive technology occurred from the progressing of Big Data, cloud, and artificial intelligence which currently allocated to the transactions in the ledgers that have control over an unprecedented shift and frequently disrupting the works of accounting practitioners. The capabilities to manage and control a huge amount of digitised data in the complex and expeditious journey within these digital age has also promoted the accounting sector to become flexible, have good networking and uses a multi-platform that can support these emerging technologies and the Industrial 4.0. Therefore, the sector crucially needed a knowledgeable and proactive people surrounding as to control outstanding pressure to support futuristic and agile governance practices. The review of this study has a great focus on big data, cloud, artificial intelligence and blockchain within management accounting, auditing & accounting sector with respect of these emerging technologies.