A framework of information technology based competencies for professional accountants in small and medium-sized accounting practices

Due to the dynamic nature of information and communication technologies, there is a need to redefine the skill and competency set for the accounting profession. The International Federation of Accountants acknowledges that there is an increasing concern about the level of competencies accountants possess in the use of information technologies, and whether they are prepared to meet the challenges of the contemporary business world. In Malaysian paradigm, accountants are trained by universities, polytechnic institutions and the Malaysian Institute of Accountants. However, there are no common grounds among these institutions about what information technology related skills, competencies or expertise are required throughout the life cycle of an accountant´s occupancy. As a result, each of these institutions incorporates generic information technology skills rather than specific skills in their curriculum. This research seeks to identify the competency set for contemporary accounting professionals, emphasizing those in small to medium accounting practices. This is due to their nature of dynamism, customer oriented and project based. This research, thus, makes a significant contribution to academic and professional bodies, as well as to the industry by providing theoretical base for developing information technology related competencies for knowledge workers in general and professional accountants in particular.