Tech-savvy accounting applicants desirable to employers

Posted on Tuesday, November 6, 2018 by Jessica Salerno

By Rebecca Kerr, OSCPA communications intern

“Make no mistake: On-the-job training for the next wave of auditors will not be enough.” This quotation from a Forbes article “Preparing Today’s Auditors For Tomorrow’s High-Tech Audits” comes with a generous dose of truth some accounting students might not be ready to hear.

“Nor will the traditional education, where an accounting major goes straight from classroom to cubicle. The pace of technological change has simply become too fast and forceful,” the article goes on to state.  

The way data and analytics are recorded, organized and presented in auditing is constantly changing, and accountants must adapt with these changes to keep relevancy and a competitive edge in the market. A “ride or die” situation, as the kids say. No worries though, the Forbes writers do offer a bit of reassurance to young students or accounting professionals that might be jolted by that opening line. They say one advantage young accountants possess is their experience of growing up in a fully tech-integrated world. This exposure to technology throughout life is something that inherently comes with at least a basic understanding of how different software work and evolve over time.

If the incoming generation of accountants can keep up with these changes and offer valuable insight to their superiors, they will have a desirable trait in their repertoire while also making their firm more effective and efficient. “Training in these technologies ‘is what today’s students and tomorrow’s auditors expect in order to fulfill their responsibilities in the marketplace’,” KPMG’s U.S. Emerging Audit Solutions Leader, Brian Foster told Forbes. All in all, any real-life experience they can obtain before breaking into the workforce does wonders for professional progression and readiness.

Read the full article here.

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