Accounting realism in the metaverse: a socio-psychological lens on CSR integration and ethical decision-making

Samuel Ejiro Uwhejevwe-Togbolo, Annmarie Nkemejina Okoli, Ajueyitse Martins Otuedon and Victoria Omenebele Kaizar
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Samuel Ejiro Uwhejevwe-Togbolo: Department of Accounting, Dennis Osadebay University, Asaba, Delta State-Nigeria
Annmarie Nkemejina Okoli: Department of Sociology, Dennis Osadebay University, Asaba, Delta State-Nigeria
Ajueyitse Martins Otuedon: Department of Business Education, College of Education, Warri, Delta State-Nigeria
Victoria Omenebele Kaizar: Department of Psychology, Dennis Osadebay University, Asaba, Delta State-Nigeria

Diginomics, 2025, vol. 4, 251

Abstract: The tension that realism in accounting in the Metaverse faces is deep philosophical and practical: it is the limit between simulation and reality. In order to bridge the gap associated with the study, the study attempts to reduce the gap by considering accounting realism in the Metaverse: A socio-psychological lens on corporate social responsibility (CSR) integration and ethical decision-making, and how users understand financial accountability, internalise CSR values and make moral choices in avatar-mediated communication. The study acknowledges that accounting realism will need to adjust to the changing Metaverse to embody the economic substance of simulated transactions. These necessitate reviewing conventional models in order to allow the inclusion of digital phenomena without subjecting financial reporting to compromise. In spite of the transformative power, digital CSR is grappling with a collection of operational and ethical issues that cast doubts on its credibility and usefulness. The study concluded that Realism in accounting, association with the Metaverse and the use of socio-psychological approaches to CSR and ethical determinants are part of an important development in organisational governance. It was recommended that international accounting committees like the IASB and FASB, to begin with, ought to liaise with one another to design universal reporting mechanisms and virtual audit methods to be used in recording digital assets.

Keywords: Metaverse; Accounting; Realism; Corporate Social Responsibility; Ethics (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:cwg:digino:v:4:y:2025:id:251

DOI: 10.56294/digi2025251

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