REDEFINING THE FUTURE OF THE ACCOUNTING PROFESSION: EMBRACING THE INNOVATIVE OPTION OF BLOCKCHAIN TECHNOLOGY
Keywords:
Accounting Profession, Block chain Technology, Financial ReportingAbstract
A cursory look at the accounting profession and how best to reposition it for the demands of the fourth industrial revolution motivated this study. Specifically, the primary objective of this study was to determine the effect of block chain technology on the accounting profession. The paper adopted descriptive research design, relying mainly on primary data extracted from the responses of 263 professional Accountants in Anambra State through the use of structured questionnaires. Findings emanating from the study proved that block chain technology is vital to the growth of the accounting profession through its critical role in enhancing the quality of financial reporting. The study further revealed its benefits to auditing of firms through its abilities of speed of automation and reduction of resources necessary for audits. Based on these findings, the study suggested converted efforts geared by stakeholders on the full adoption of the technology in all accounting procedures and massive acquisition of technological skills by modern day accountants.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Journal of Global Accounting
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Articles submitted to JOGA should not have been published or are currently under review by another Journal. Kindly see the guide for the preparation of the manuscript for details. Successful submission of articles by author(s) for publication clearly implies that the work is not an infringement of any existing copyright warranty as JOGA reserves the right to be indemnified by the author(s) where any breach of such warranty is proven. For ease of dissemination and to ensure proper policing of use, papers and contributions become the legal copyright of JOGA once published unless otherwise agreed.
Permission clearance should be obtained by the author(s) where applicable for the use of any content of interest not originally created by them. This must be done before the submission of the article to JOGA. Failure to do so may lead to a lengthy delay in publication, as JOGA is unable to publish any article which has permissions pending. Thus, the rights JOGA requires are:
- Non-exclusive right to reproduce the material in the article or book chapters.
- Print and electronic rights.
- To use the material for the life of the work (for instance, there should be no time restrictions on the re-use of material).
Where tables, figures or excerpts of more than 250 words are reproduced from another source, it is expected that:
- Author(s) should obtain the necessary written permission in advance from any third-party owner of the copyright for the use in print and electronic formats of any of their text, illustrations, graphics, or other material in their manuscript. Permission must also be cleared for any minor adaptations of any work not originally created by the author(s). The author (s) should not assume that any content freely available on the web is free to use.
- Where the author adapts a significant number of any material, the author(s) must inform the copyright holder of the original work.
- Author obtains any proof of consent statements
- The author must acknowledge figure(s) and content adopted or adapted in work utilizing source(s) and further capture them in the list of references.
