CHARTERED ACCOUNTANTS' PERSPECTIVE ON EFFICIENCY AND ACCURACY: CLOUD COMPUTING VS TRADITIONAL ACCOUNTING SYSTEMS

Cloud computing holds immense significance in the accounting profession as it addresses the limitations of traditional accounting systems by providing greater flexibility, scalability, and automation. It enables accountants to access financial data anytime and from any location, ensuring seamless operations even in remote or decentralized work environments. This study explores the perception of Chartered Accountants regarding the efficiency and accuracy of cloud computing compared to traditional accounting systems. With the growing reliance on technology in financial management, cloud accounting has emerged as a significant innovation, offering real-time access, automation, and enhanced collaboration. The research focuses on two primary objectives: examining the perception of Chartered Accountants toward the efficiency and accuracy of cloud computing, and analyzing the relationship between their demographic profiles and these perceptions. A sample of 154 Chartered Accountants from Ahmedabad was surveyed using a structured questionnaire. The findings reveal that Chartered Accountants believe cloud accounting reduces the time required for routine tasks, enhances the accuracy of financial records, and simplifies complex accounting processes more effectively than traditional systems. These insights underline the transformative potential of cloud-based accounting solutions in improving operational efficiency and accuracy within the accounting profession.