The role of accounting in informing decision-making within complex operating environments is pivotal, as it provides the financial foundation upon which organizations, stakeholders, and society at large rely. However, the ever-evolving landscape of complex operating environments, driven by new technology trends, fast and unpredictable changes in business environments, and the persistent threat of accounting frauds, has profound implications for the accounting function. This critical evaluation delves into how these complexities affect accounting, exploring both its strengths and weaknesses in meeting the information needs of diverse stakeholders.