Fourth Industrial Revolution, Corona Virus Pandemic, and Accounting Profession:  Nigeria Perspective.

Fourth Industrial Revolution, Corona Virus Pandemic, and Accounting Profession: Nigeria Perspective.

Abstract: This study appraises the Fourth Industrial Revolution (4IR), the Corona virus pandemic, and its relationship with accounting practice and profession in Nigeria. The emergency of the Corona virus pandemic and the astronomical rate at which technology is growing call for professions and disciplines to follow suit in order to remain relevant and competitive in contemporary society and businesses. The extent of technological usage toward the progression of the accounting profession and its future challenges are worthy of examination in the Nigerian context. The meta-analysis technique was employed for this study. Findings revealed that 4IR has both positive and negative impacts on the accounting profession by removing some accounting tasks and at the same time providing new opportunities for accountants. Based on the outcome of the study, it was concluded that the 4IR and Corona Virus Pandemic had significant impact on the accounting profession by changing the ways of doing things. In view of the findings, it is recommended that accountants engage in result-based learning in the area of IT relating to their tasks. Further, accounting professional bodies in Nigeria and globally need to protect their accounting territory from being hijacked by individuals or groups of individuals that are IT experts. Allowing this will result in the erosion of accountants authority.

AMJD Volume. 11, Issue 2 (2022)

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Fourth Industrial Revolution, Corona Virus Pandemic, and Accounting Profession: Nigeria Perspective.