The Challenges and Prospects of Knowledge Gap for Accounting Practitioners in Emerging Economies

Document Type : Original Article


1 Department of finance and accounting, University of Africa, Torua-Orua, Bayelsa State, Nigeria

2 Doctoral Scholar Department of Accounting, Niger-Delta University, Wilberforce Island, Amassoma, Nigeria.

3 Chartered Accountant and Academic Scholar


The world economy has moved to a global knowledge base, as such the idea of knowledge expansion in the accounting palace has become paramount as regarding how effective and efficient accounting services can be delivered in the developing economies. Hence, this study seeks to evaluate the concept of the knowledge gap as a tool for knowledge expansion in the accounting palace. The study interrogates the perceived knowledge gap in accounting milieu as such targeting how the frontiers of accounting knowledge and accounting practitioners can expand and align accounting information. The study concludes and recommends that organizations and other critical stakeholders can fill the identified knowledge gaps in accounting via training and retraining of accounting practitioners in information technologies and more attention should be given to behavioral research leading to the development of core accounting theories that can handle present realities to solve contemporary issues in accounting. Secondly, educational institutions should encourage researchers and knowledge seekers to embrace and acquire information technology to bring the developing economies at par with the industrialized world.


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