Professional judgment of an accountant in the context of transition to digital economy

Currently, the world community is undergoing technological and social transformations taking place in various spheres of society and associated with the transition to a different level of the economy based on the use of digital technologies. These changes significantly and very dynamically alter the assessments and approaches to the recently unshakable concepts of accounting and the profession of an accountant. The article discusses the problem of transformation of the profession of an accountant in a changing economic business space. The aim of the study is to identify the spheres of influence of the digital economy on the professional judgment of an accountant, being an important component of the profession of an accountant. The development prospects of the profession of an accountant meeting the urgent needs of business and society in the context of digitalization of the economy are considered. The concept of professional judgment of an accountant is considered, the purpose of its application in the practice of enterprises as a necessary element for ensuring the reliability of information by means of which the users can make effective management decisions is shown. Based on the results of analyzing the accounting practices in modern organizations, the actual involvement of the profession of an accountant in the process of transition to digital technology is determined. The growing importance of the ethical components of the profession of an accountant in terms of digitalization of economy is identified. The need for a major change in the process of training accountants for working in new conditions is established. Based on the results of the study, the main directions of the impact of the economy digitalization on the professional judgment of an accountant and the development prospects of the profession of an accountant in these conditions are specified.