The Impact of Blockchain on the Accounting Profession
The implementation of the blockchain technology in accounting highlights the automation of traditional accounting functions and the transparency, significantly mitigates the risk of internal fraud and increases the importance of the financial information provided and the trust in that information. P...
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| Format: | Article |
| Language: | English |
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The Body of Expert and Licensed Accountants of Romania
2021-04-01
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| Series: | CECCAR Business Review |
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| Online Access: |
https://www.ceccarbusinessreview.ro/the-impact-of-blockchain-on-the-accounting-profession-a114d/download-PDF/
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| Summary: | The implementation of the blockchain technology in accounting highlights the automation of traditional accounting functions and the transparency, significantly mitigates the risk of internal fraud and increases the importance of the financial information provided and the trust in that information. Professional accountants need to prepare to accept digitalisation as a challenge to become more experienced and to consolidate their status as a reliable third party. In this article we present the blockchain technology and its probable impact over the accounting profession. The aim of this study is to analyse the research on information technologies in accounting and the way these technologies could modify the industries and professions in time. |
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| ISSN: | 2668-8921 2668-8921 |