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THE VITAL ROLE OF ACCOUNTING AND AUDITING IN THE DIGITAL ECONOMY

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Journal of universal science research

Journal of universal science research

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ARTICLE ANNOTATION

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In the digital economy, characterized by rapid technological advancements and globalization, accounting and auditing play indispensable roles in ensuring transparency, accountability, and trust in financial transactions. This article explores the significance of accounting and auditing in the digital era, examining their role in enhancing financial reporting, ensuring compliance and risk management, and fostering innovation and adaptability. Through advanced technologies and methodologies, businesses can leverage accounting and auditing practices to navigate the complexities of the digital landscape and drive sustainable growth.

AUTHORS

T.Qoshayev

TerDU

Tags

# technology# innovation# accounting# compliance# digital economy# financial reporting# Risk management# auditing

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Article Identifiers

ROI:

https://eroi.uz/11.0194/A0424-0035

DOI:

Not Available

References

1. AICPA. (2020). Harnessing the power of data analytics in accounting. Retrieved from https://www.aicpa.org/content/dam/aicpa/interestareas/frc/assuranceadvisoryservices/downloadabledocuments/data-analytics-in-accounting.pdf

2. Deloitte. (2021). The future of audit in a digital world. Retrieved from https://www2.deloitte.com/us/en/pages/audit/articles/future-of-audit-in-a-digital-world.html

3. International Federation of Accountants (IFAC). (2020). Digital transformation in accounting and finance. Retrieved from https://www.ifac.org/system/files/publications/files/digital-transformation-in-accounting-and-finance.pdf

4. PricewaterhouseCoopers (PwC). (2021). Digital trust insights. Retrieved from https://www.pwc.com/gx/en/services/advisory/consulting/digital/digital-trust-insights.html