Accounting Information Systems in the Blockchain Era

Fullana, Olga; Ruíz, Jesús M.

doi:10.2139/ssrn.3517142

Cited by 16 publications

(11 citation statements)

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“…In the same journal issue as the previous two articles, Sinha (2020) also provides an overview of the mostly security‐related challenges of implementing a blockchain for accounting purposes. Fullana and Ruiz (2020) contribute to this conversation by providing an overview of the risks and opportunities of integrating blockchains with accounting information systems. These articles demonstrate how the academic literature is becoming repetitive about the theoretical challenges of implementing blockchain technology.…”

Section: Resultsmentioning

confidence: 99%

Blockchain in Accounting Research and Practice: Current Trends and Future Opportunities*

Pimentel

Boulianne

2020

Accounting Perspectives

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This article provides a review of the accounting blockchain literature, with a focus on current trends and recommendations for future research opportunities. Our review identifies seven main areas: (i) future of blockchain technology, (ii) impact on the accounting function, (iii) auditing considerations, (iv) financial reporting for cryptoassets, (v) case studies, (vi) governance, and (vii) taxation. The article aims to bridge the gap between practitioners and academics by providing a review of both areas of literature and highlighting common ground between the two arenas. While academics have begun to explore how the accounting profession might change in response to blockchain, this research is limited primarily to the auditing field. Practitioners, for their part, have expanded their scope to also devote significant attention to the financial reporting and taxation of cryptoassets. Expanding the discussion of accounting and blockchains beyond their current concentrations in auditing and accounting information systems, we call for more research on the impact of blockchain technology in other areas such as corporate governance or the intersection of accounting and society.

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Section: Resultsmentioning

confidence: 99%

Blockchain in Accounting Research and Practice: Current Trends and Future Opportunities*

Pimentel

Boulianne

2020

Accounting Perspectives

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“…One of the latest developments in the internet technology is cloud computing. This technology has also brought significant changes in the field of accounting and its adoption of technology by accounting and auditing firms (Fullana and Ruiz, 2020;Soni et al, 2018). It is argued that obtaining a better understanding of the factors underlying successful CAATs' adoptions would be helpful to aid wider development of these technologies in internal audit functions (Schultz and Tropmann-Frick, 2020;Siew et al, 2020;Mahzan and Lymer, 2014).…”

Section: Information Communication Technology Adoptionmentioning

confidence: 99%

Characteristics of information communication technology and audit practices: evidence from India

Thottoli

Thomas²

2020

VJIKMS

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Purpose The purpose of this study is to investigate the relationship between characteristics of information communication technology (ICT, adoption, confidence, competency and training) and auditing practices. The paper further explained the significance of the auditing practices, evaluated the relationship between ICT characteristics (adoption, confidence, competency, training) and auditing practices. Design/methodology/approach The study adopts a quantitative approach, where a set of questionnaires was developed by making necessary adaptations to available scales/items. Data were collected from practicing chartered accountants in Kerala targeting 89 respondents from various professional auditing firms. The results were analyzed using Statistical Package for the Social Sciences and structural equation modelling-partial least squares statistical tools. Findings The findings confirmed that there is a positive relationship between three components of ICT factors on audit practice, namely, ICT adoption, ICT competency and ICT training, whereas the factor, ICT confidence has a negative relationship with audit practice. Thus, the availability of ICT-competent staff, their practical ICT knowledge, sufficient and adequate ICT training assist audit firms from doing audit by implementing customized audit software for audit practice. Research limitations/implications A limitation of the study is that limited variables of ICT on audit practice are taken in the model. Refinement of the model and the variables (such as ICT challenges), ICT perceived benefits and the unified theory of acceptance and use of technology (UTAUT) model used provide an opportunity for future research. Practical implications The barriers facing by non-big four audit firms (especially sole proprietorship and limited liability partnership firms) faces ICT challenges requires intense management interventions to be self-equipped for the current information technology (IT) world and to facilitate and to ensure fairness of financial statements to the stakeholders that strongly links auditors advance IT skills and available firms resources to investment and adopt audit software for the benefits of the audit firms. Originality/value The paper upstretched some of the ICT challenges that will assist as points, which have been helpful for future researchers, and have provided accounting and auditing professionals, auditing professional institutions and their management, government, tax officials, policy makers, auditing software vendors and other stakeholders the bases for encouraging ICT adoption.

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“…Although some recent studies link some sort of (emergent) technology to the accounting profession, there is still a call for further research regarding the impacts of digitalization [10,12,22]. Some related literature reviews have been published, linking digital transformation or specific technologies (blockchain) to the accounting profession [10,[22][23][24], or investigating changes in the management accountants' role, related or not to technology [25,26]. However, to our knowledge, the link between emerging technologies and accountants' role and skills has not yet been made.…”

Section: Introductionmentioning

confidence: 99%

The Impacts of Emerging Technologies on Accountants’ Role and Skills: Connecting to Open Innovation—A Systematic Literature Review

Kroon

Alves

Martins

2021

Journal of Open Innovation: Technology, Market, and Complexity

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Purpose: This paper reviews the recent accounting literature focusing on emerging technologies’ impacts on accountants’ role and skills. Specifically, it determines what emerging technologies are most studied concerning their impacts on accountants’ role and skills, which research strategies are used in the studies that focus on this theme, and the impacts of the identified emerging technologies on accountants’ skills. It also investigates whether open innovation is an influencing factor in this connection. Methodology: Through a systematic literature review following the five-step approach described by Denyer and Tranfield, the Web of Science and Scopus databases are used as a source of article collection. Thus, our analysis starts with a total of 157 articles. Findings: The main analytical results of the study identify the skills that today’s accountants must have and what role is assigned to them. Practical implications: Professional bodies and regulators may take the results into account in informing the revision of standards, rules, and laws for the new environment. Educational institutions can use the results to adjust their programs to prepare students with the skills employers expect them to have. Contribution: This study provides an integrated understanding of the implications of recent technological developments on the accountant’s role and skills that have been hitherto discussed in the existing literature in a fragmented way. Future research suggestions are also provided, based on identified gaps in the literature, assisting other researchers in finding a way to augment knowledge in this area.

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Accounting Information Systems in the Blockchain Era

Cited by 16 publications

References 0 publications

Blockchain in Accounting Research and Practice: Current Trends and Future Opportunities*

Blockchain in Accounting Research and Practice: Current Trends and Future Opportunities*

Characteristics of information communication technology and audit practices: evidence from India

The Impacts of Emerging Technologies on Accountants’ Role and Skills: Connecting to Open Innovation—A Systematic Literature Review

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