On the other hand, the increased accessibility of information has led to increased demand for information by users, which has created new opportunities for professional accountants. To demonstrate, consider the example of external reporting. For most of the 20th century, the …show more content…
Information professionals such as accountants will play an increasingly significant role in the developing information society. Thus, there will be many new opportunities for accountants to provide valuable services in the future. Increases in the level of knowledge and skill required to provide such services will likely dictate increased specialization among accountants in the future, as well as an expansion of education requirements. However, these changes should also elevate the status of the profession and improve the quality of the services provided by its