Technology Changing the Accounting Business Model

This chapter provides a concise overview of the evolving accounting landscape shaped by emerging technologies, with a particular focus on artificial intelligence (AI); environmental, social, and governance (ESG) reporting; tokenized assets; and automation. It highlights the expanding role of CPAs and financial professionals in delivering advisory services that go beyond technical expertise, emphasizing implementation support and strategic integration. Key themes include AI onboarding, ESG data governance, the financial implications of stablecoins, and the transition from traditional billing models to value-based pricing in response to automation. As technological change accelerates, professionals who adopt adaptive, client-centered approaches are well-positioned to lead the accounting profession into a new era.