Accounting control has been the focus and hotspot among the scholars of accounting throughout the history and development of accounting. From the end of the 20th century onwards computers, also known as Information Technology (IT), has been widely used throughout the accounting world. As its core it is bringing information management of accounting control to a higher stage of development. Overall, the main objective of this paper is to elaborate the present situation of global IT and how this new technology has changed accounting perspective in real time.