Marching Towards the Disruptive Era: Are the Digital Accountants in Hong Kong Prepared?
DOI:
https://doi.org/10.64229/cryyqq41Keywords:
Accounting Professionals, Digital Competency, IT Controls, IT Governance, Project ManagementAbstract
The increasing digitalization of the global economy has imposed significant challenges and demands on accounting professionals, requiring them to develop strong digital competencies, particularly in IT control systems. This study aims to assess the level of digital competency among Certified Public Accountants (CPAs) in Hong Kong, with a focus on IT control competencies and managerial roles in managing IT resources. Using a descriptive-correlational research design, a sample of 397 CPAs was surveyed using a structured questionnaire to evaluate their proficiency in key IT competencies. The results indicate that CPAs are generally proficient in applying IT systems and tools to accounting problems, with the highest proficiency noted in financial control over IT (Mean = 3.56). However, challenges were identified in areas requiring strategic IT skills, particularly in systems acquisition, development, and implementation (Mean = 3.38), reflecting a gap in project management and technical oversight. These findings suggest that while CPAs in Hong Kong are well-prepared for daily IT-related tasks, further development in strategic IT governance and project management is necessary. The study concludes by recommending targeted training in IT project management and digital governance to better equip CPAs for the evolving digital landscape.
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