Redefining Accounting in the Digital Age: The Impact of Blockchain and Artificial Intelligence
The rapid advancement of emerging technologies, particularly blockchain and artificial intelligence (AI), is transforming the traditional landscape of the accounting profession. This study explores the impact of these technologies on accounting practices, auditing processes, financial reporting, and accounting education. Blockchain, with its decentralized, immutable, and transparent ledger system, has the potential to enhance data reliability, reduce fraud, and enable real-time auditing. Simultaneously, AI-drive…
Integration of blockchain and AI in accounting improves audit quality, enhances transparency and data reliability, and reduces operational costs while automating routine tasks.
Adoption of blockchain and AI in accounting faces scalability, interoperability, and potential job displacement concerns that constrain effective integration.
Findings are based on a descriptive qualitative design with questionnaire data from Chartered Accountants and audit firm professionals, not a large-scale quantitative or longitudinal outcome measurement.
Evidence
- Peer-reviewedInternational Journal of Latest Technology in Engineering Management & Applied Science2026-05-08
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Truvace Impact Record TRV-2026-0169, v1: “Redefining Accounting in the Digital Age: The Impact of Blockchain and Artificial Intelligence.” Truvace, 2026-07-13. /record/TRV-2026-0169 (accessed at citation time). sha256 4be7b29b3fbfef3c…
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