id: 36797
Назва: The Impact of Cryptocurrencies and Blockchain Technologies on the Accounting and Audit Systems
Автори: Pravdiuk N., Miroshnichenko M., Lukanovska I., Tkal Y., Motorniuk U.
Ключові слова: Cryptocurrencies, blockchain technologies, accounting systems, management, finance
Дата публікації: 2024-08-02 11:42:14
Останні зміни: 2024-08-02 11:42:14
Рік видання: 2024
Аннотація: Against the backdrop of the swift evolution of digital technologies, cryptocurrencies, and blockchain have emerged as pivotal elements exerting a profound influence on accounting systems. These technological advancements present novel challenges to accounting professionals, necessitating an adjustment to evolving conditions and the formulation of innovative standards. The study’s findings indicate a significant heterogeneity in the regulation of cryptocurrencies, posing challenges to the establishment of uniform accounting methodologies. Examination of diverse national regulatory frameworks underscores the imperative for international coordination. Emphasis is placed on the potential of blockchain as a secure accounting system, specifically its capacity to uphold data integrity and transparency through tripleentry accounting. A pivotal concept involves the implementation of a triple-entry accounting system. This mechanism facilitates the recording of each transaction on a decentralized ledger, accompanied by a distinctive identifier and timestamp, thereby enhancing levels of verification and transparency. Such an approach significantly contributes to the reliability and security of financial records. The study underscores the challenges associated with standardization and regulation within the realm of cryptocurrencies and blockchain technologies. The authors advocate for the implementation of an accounting standard tailored to cryptocurrencies, with a primary objective of enhancing transparency, consistency, and effective risk management. The study analyzes the current role of cryptocurrencies and blockchain technologies in the audit system and forecasts their future impact. Risk assessment associated with the widespread use of cryptocurrencies and blockchain in accounting audits has been implemented. Several dangers accompanying the further integration of blockchain into information systems have been identified, and a set of preventive measures has been proposed, which is advisable to apply within the overall trend of financial audit digitization. It is argued that the global trend of using cryptocurrencies and blockchain technologies provides an opportunity to streamline the processes of collecting and accumulating audit information. Priority trends in the evolving audit system reflecting the general development vector are investigated. It is proven that intensifying the use of digital tools allows for the formulation of precise and effective solutions in complex analytical processes. The research results are characterized by practical value for the improvement of the modern accounting and audit system in the context of the globalization of digitization and artificial intelligence technologies implementation.
URI: http://socrates.vsau.edu.ua/repository/getfile.php/36797.pdf
Тип виданя: Статті Scopus
Видавництво: Economic Affairs (New Delhi). 2024. Vol. 69. P. 107-115. DOI: 10.46852/0424-2513.1.2024.13
Розташовується в колекціях :
Ким внесений: Адміністратор
Файл : 36797.pdf Розмір : 663894 байт Формат : Adobe PDF Доступ : Загально доступний
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