THE ROLE OF CLOUD TECHNOLOGY IN MODERN ACCOUNTING: PERSPECTIVES FROM AHMEDABAD CAS

Cloud technology has revolutionized the way accounting professionals approach their daily tasks, offering numerous benefits that make it an essential tool in modern accounting. The significance of cloud technology lies in its ability to transform traditional accounting practices by enhancing operational efficiency, reducing costs, and improving collaboration. The role of cloud technology in modern accounting has gained significant attention in recent years, transforming traditional accounting practices into more efficient, cost-effective, and collaborative processes. This study seeks to explore the perceptions of Chartered Accountants (CAs) towards the adoption and implementation of cloud technology in the accounting profession. The research aims to analyse how CAs perceive cloud technology’s impact on efficiency, cost reduction, and collaboration within their professional practice. Additionally, the study investigates the association between the demographic profiles of CAs and their perceptions of cloud technology. A sample size of 183 Chartered Accountants from Ahmedabad was targeted for this study. The findings reveal a strong belief among CAs that cloud technology has enhanced the efficiency of accounting processes, reduced the long-term costs of maintaining accounting systems, and facilitated better collaboration with clients and team members. This study contributes to understanding the significance of cloud technology in the evolution of modern accounting practices, highlighting its transformative potential in the professional accounting landscape.