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Home » Finance Faqs » What do you consider to be the biggest challenge facing the accounting profession today?

What do you consider to be the biggest challenge facing the accounting profession today?

A sample answer to accounting interview questions like this is:
In response to the changing market accountancy professionals have to provide more management and consulting services, in addition to financial management. They have to assume a greater advisory role and develop more complex and flexible accounting systems.
Then continue to explain how you can meet this challenge.

More FAQs
Describe the advantages and disadvantages of the different accounting packages/systems you have used recently in your accountant jobs.
Describe any accounting process that you have developed or revised.
What do you consider to be the biggest challenge facing the accounting profession today?
What is the relationship between cost accounting financial accounting and managerial accounting?
What is the difference between cost accounting management accounting and financial accounting?
Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?
What are the effects of international accounting standards on accounting practices of developing nations?
Does the accounting system appear to facilitate one specialty from financial, auditing, or cost managerial or tax accounting over the others?
What is the difference of Cost Accounting and Financial Accounting?
What is the distinction between cost accounting and management accounting?
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