@article{2018,title={DIGITALIZATION ON ACCOUNTING PROFESSION: INDUSTRY 4.0 EFFECT},abstractNode={In order to gain competitive advantage in the commercial life, globalization and technological developments have entered into a new phase with the launch of industry 4.0. The interaction of humans in the global context was not determined as sufficient, and things gaining human property and interacting with other things and humans were the inspiration behind industry 4.0 concept. The business models have to adapt to this new changing paradigm in order to be sustainable in this high competitive environment. It is inevitable that the accounting profession, which measures and reports the economic activities of firms, has to change its traditional business methodologies. Although the works on international accounting standards, international financial reporting standards and international auditing standards have been started with an important delay and still covering a small percentage of firms in Turkey, accounting profession has to bounce to understand the digitalizing business processes. This paper investigates the effects of industry 4.0, which changes economic activities, on accounting profession. It is emphasized that the traditional accountant description is evolving to “financial data scientist” concept.},author={İlkay Ejder ERTURAN-- Emre ERGİN},year={2018},journal={The Journal of Academic Social Science}}