Abstract:

Digitalisation is transforming accounting practice in New Zealand through the adoption of cloud accounting, artificial intelligence (AI), and data analytics, while simultaneously introducing new professional liability risks. Although previous studies have examined cybersecurity, digital competencies, and ethical issues associated with digital technologies, these risks have largely been investigated in isolation, providing a limited understanding of how they collectively shape professional liability in New Zealand accounting firms. To address this gap, this study has identified 74 sources of literature, ranging from academic studies to industry reports and professional guidelines, in a systematic literature review. Our review identifies three interconnected themes: (1) cybersecurity and data governance, (2) digital competency and skills gaps, and (3) ethical and professional responsibility. The findings suggest that managing professional liability requires an integrated approach that combines robust cybersecurity practices, continuous development of digital capabilities, effective governance, and professional judgement. By synthesising these interconnected risk dimensions, this study provides a conceptual understanding of professional liability management and offers practical recommendations to support secure, ethical, and sustainable digital transformation in New Zealand accounting firms.

Keywords:
Digitalisation, Accounting Profession, Professional Liability Risk, Cybersecurity, Artificial Intelligence (AI), Ethical Governance, Digital Skills Gap.

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