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What is 4th Industrial Revolution (4th IR)

The Past, Present, and Future of Accountancy Education and Professions
This refers to the abrupt changes in the way people work and produce after the introduction of artificial intelligence in the workplace and production systems.
Published in Chapter:
Changes, Challenges, and Choices: An Approach to the Future of Accounting Education in a Turbulent World
Helena Martins (ESCE, Instituto Politécnico de Setúbal, Portugal & CEOS, ISCAP, Polytechnic of Porto, Portugal & Nova School of Business and Economics, Portugal), Tiago Cunha (CIICESI, ESTG, Polytechnic of Porto, Portugal), Amélia Oliveira Carvalho (CIICESI, ESTG, Polytechnic of Porto, Portugal), Cecília Carmo (GOVCOPP, ISCA, University of Aveiro, Portugal), and Gianluigi Baldacci (Nova School of Business and Economics, Portugal & LUISS Guido Carli, Rome, Italy)
DOI: 10.4018/978-1-6684-5483-1.ch005
Abstract
Crises deriving from pandemics, extreme weather events, wars, and shifts in technological paradigms are becoming the new normal, adding to the paradigm shifts already underway in the accounting profession due to profound changes in the way people work and information is managed. In this context, there is an agreement from both academics and professionals that, in addition to technical skills, there are other “soft” skills that are critical for value creation by accountants. This chapter proposes a reflection on key soft skills for the future of the accounting profession, especially considering the turbulent times ahead, with a special focus on the role of higher education institutions.
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