Audit and tax in the context of emerging technologies: A retrospective analysis, current trends, and future opportunities

Abstract

This study aims to review the existing literature on audit and tax in the context of emerging technologies, besides providing future research agenda. A meta literature approach by combining bibliometric and content analysis was adopted to analyze 154 relevant English articles published in Scopus indexed journals, published over the last 35 years. Using RStudio, VOSviewer, and Microsoft Excel. Quantitative findings reveal that the USA is the top contributor and the most cited in the world. Brigham Young University, on the institutional level, is the most relevant affiliation. Concerning publication number, the Journal of Emerging Technologies in Accounting is the most relevant source. At the same time, the most cited source is the Decision Sciences journal. While the most prolific author is Miklos Vasarhelyi. Moreover, the emerging technologies, including big data, blockchain, and artificial intelligence, have significantly drawn accounting scholars interest from 2015 and thereafter. From the perspective of qualitative findings, the main focus shows that employing advanced technologies offers promising opportunities to mitigate the risk of tax evasion and enhance the auditors' efficiency. The content analysis reports two mainstreams tax and audit; each one is classified into three sub-streams, big data, artificial intelligence, and blockchain. This study contributes to present a clear and coherent understanding of the relevant exact literature and propose future research. However, the study review confines only on audit and tax fields, relying on the Scopus database.

Does sustainability matter for Fintech firms? Evidence from United States firms

“…The advent of the fourth industrial revolution and its supporting technologies are rapidly developing and reshaping the global economy and markets. Particularly, big data, artificial intelligence (AI), machine learning (ML) and blockchain are shaping current and future business practices (Atayah and Alshater, 2021). Specifically, the financial sector has witnessed several shifts in the operating model over the past decade, such as introducing the automated teller machine (ATM) and online banking services.…”

“…Particularly, big data, artificial Does sustainability matter for Fintech firms? 161 intelligence (AI), machine learning (ML) and blockchain are shaping current and future business practices (Atayah and Alshater, 2021). Specifically, the financial sector has witnessed several shifts in the operating model over the past decade, such as introducing the automated teller machine (ATM) and online banking services.…”

The authorship origins of accounting information systems and emerging technologies research: An analysis of accounting information systems journals

“…Ardianto and Anridho (2018) Twenty years of authorship analysis on International Journal of Accounting Information Systems publications shows that researchers from the United States, Australian and Canadian institutions are the predominant contributors (Kumar et al, 2020). In a recent study, Atayah and Alshater (2021) reviewed emerging technologies literature in audit and tax areas indexed in Scopus, and analyzed the countries of publications, top published researchers, top ranked journals, citations and content of the literature from 1989 to 2000. While the origins and authorship have been analyzed in accounting research periodically, limited research examined the origins and authorship of AIS research in multiple journals comprehensively.…”

“…For institutions, this study's results may be useful for quantifying their contributions to and impact on this field. This study might also be compared and contrasted with similar research on other sets of accounting journals (Coyne et al, 2010;Stephens et al, 2011;Holderness et al, 2014;Atayah & Alshater, 2021). Here, the institutions that have specifically supported accounting information systems and emerging technologies scholarship over an extended period are identified and acknowledged for their important contributions to the field.…”

Bibliometric analysis of the transformative synergies between blockchain and accounting in the uprooting of economic criminality

“…As Tiron-Tudor, Deliu, Farcane, & Donțu, (2021) evidence through their research, it can also be assessed that in a world that is increasingly moving towards digitisation, it is essential that accounting and auditing service providers embrace blockchain technology as the basis for their business functionality -which implies the development through management of strategies, objectives and implementation tools -thus responding professionally to the demands of their clients. However, this can only be achieved by accounting and auditing professionals developing a set of skills and technical knowledge in managing advanced digital technologies, which according to Atayah & Alshater (2021) would be one of the new requisites in the job description of accountants and auditors, and this would almost completely change the traditional concept of accounting as it is currently known and practiced, an aspect also analysed by Fullana & Ruiz (2021) in their paper. Sherif & Mohsin (2021) highlight in their recent study the significant impact of the trio of blockchain, Internet of Things (IoT) and artificial intelligence (AI) -all emerging technologies -on the quality of reasoning and decisionmaking of accounting and auditing professionals, mitigating the potential for intentional and forced fraud, with intentional fraud occurring under the influence of three circumstances: pressure, opportunity and reason, referred to by the authors as the "Fraud Triangle".…”