Accounting Challenges and Risks 
     of Disruptive Technology
     Dr. Ousama Abdulrahman Anam (PhD)
     Department of Accounting and Information Systems
     College of Business and Economics
     Qatar University
    New technology
     There are tow type of new technologies: 
       “Sustaining” technologies: Steady, linear  improvement of 
        existing technology.
         These preserve the organizations and the market structures.
       “Disruptive” technologies: introduction of  completely new 
        approaches. 
         They have the potential to create a new industry or transform an 
          existing one.
         There may be major changes in organizations and market 
          structures.
    Disruptive Technology 
     Disruptive Technology (DT)
       A disruptive technology is one that displaces an established 
        technology and shakes up the industry or a ground-breaking product 
        that creates a completely new industry. 
     There are dramatic "disruptive" changes in technology.
     Disruptive technology significantly alters the way businesses 
     or entire industries operate. 
     It forces companies to change the way they approach their 
     business for fear of losing market share or becoming 
     irrelevant. 
     Examples of disruptive technologies include e-commerce, 
     artificial intelligence, internet of things (IoT), blockchain 
     technology.
    Challenges in accounting due to DT
     Accounting and auditing face significant challenges  and 
      risks from digital disruption and rapidly evolving 
      technology. 
     DT will have very specific effects on accountants and 
      auditors.
      Half of the jobs will become obsolete within a decade 
        due to automation.
     DT will impact the nature of demand and expectations on 
      what accountant and authors are and do.
     The accounting education system is doing a little efforts of 
      preparing accountants to work deeply with technology.