id: 38458
Назва: Adapting accounting to the digital age: The urgent need for new regulatory standards
Автори: Ievsieieva O., Tsikalo Y., Mulyk T., Udodova Y., Nazarenko O.
Ключові слова: digital economy, regulatory requirements, standardization, technological innovations, data security, financial report, big data analytics.
Дата публікації: 2025-02-23 15:06:35
Останні зміни: 2025-02-23 15:06:35
Рік видання: 2024
Аннотація: This paper discusses the regulatory challenges that account practices face in dealing with the rapid changing digital economy in the context of the need for new standards to reflect the complexity of modern financial transactions. This research reviews the recent academic and professional literature (2019–2023) to identify key challenges: the integration of emerging technologies such as AI and blockchain, data security and privacy, transparent AI generated financial data, adapting reporting for continuous accounting, and regulating big data analytics. The thesis of the study calls for policymakers to focus on the creation of new accounting standards and regulatory approaches to increase transparency, audit and efficiency in the digital economy. In addition, it implies that there needs to be transparency about data handling, auditing digital financial procedures and incorporating standardized reporting systems in the global accounting effectiveness in the digital age. Future research may investigate strategies to assist developing countries and reduce vulnerabilities in data manipulation of digital accounting.
URI: http://socrates.vsau.org/repository/getfile.php/38458.pdf
Тип виданя: Статті Web of Science
Видавництво: Amazonia Investiga. 2024. Vol. 13, Issue 83. P. 89-99. DOI: https://doi.org/10.34069/AI/2024.83.11.7
Розташовується в колекціях :
Ким внесений: Адміністратор
Файл : 38458.pdf Розмір : 1252919 байт Формат : Adobe PDF Доступ : Загально доступний
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