Digitalization process in exercise of the accounting profession

Amalia-Magdalena Dănăilă, Elena-Simona Tache, Ion Cucui and Valentin Radu
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Amalia-Magdalena Dănăilă: “Valahia” University of Târgoviște, Romania
Elena-Simona Tache: “Valahia” University of Târgoviște, Romania
Ion Cucui: “Valahia” University of Târgoviște, Romania

Theoretical and Applied Economics, 2023, vol. XXX, issue Special, Summer, 9-18

Abstract: The digitalization revolution has been noticed in recent years in the global economy, as a possible solution to contemporary challenges. The accounting professional is an important part of technological progress, not only in the sense of beneficiary and user but also a decisive factor in the methods adopted and applied in the evolution of the profession. The present paper proposes an analysis of the trends in the digital economy, with an emphasis on the accounting and auditing profession, to what extent accounting firms use cloud or non-cloud. The analysis carried out indicates that there is an increased interest in the field of digitalization of accounting and audit, and the researchers turned their attention in several directions. After the review, the results show that the most researched sub-area of digitalization is given by big data and data analysis, but especially how accountants need to be prepared to meet the needs of clients. Moreover, cloud computing, blockchain, digital reporting and process automation through robots are other sub-areas of interest. However, research in the field of digitalization of accounting and auditing is at an early stage and needs further development.

Keywords: digitalization; global economy; digital technology; cloud accounting; accounting process; costs. (search for similar items in EconPapers)
Date: 2023
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