This document discusses the impact of digitization and disruptive technologies on accounting and assurance practices. Key points include: - Automation of accounting functions through bots and use of APIs for business communications will reduce human intervention and paperwork. - The rise of artificial intelligence, analytics, and IoT will transform how accounting data is collected, organized, and validated in real-time. - Future assurances will rely more on continuous monitoring, predictive analysis, and real-time auditing using tools like data mining and algorithmic risk assessment. - Accountants must build capacity to work with new digital technologies like blockchain, cryptocurrency, big data, and artificial intelligence to provide services in an increasingly digital business environment.