New Specializations in Accounting Profession

Abstract

Humans have innumerable needs, and every economic unit that engages in activities to meet these needs is called a business. As a result of these activities, transactions must be documented and recorded, leading to the emergence of accounting. The accounting profession has developed, training individuals to become Certified Public Accountants (CPAs) and Sworn-in Certified Public Accountants. The rapid advancement of information technologies, globalization, and competitive pressures have significantly impacted accounting, leading to complexities in corporate governance, auditing, and financial reporting. Consequently, new areas of specialization within accounting have emerged. This study begins with an examination of the concept of accounting and the evolution of the accounting profession, followed by a discussion on new specializations and selected topics within these specializations.