IDEAS home Printed from https://ideas.repec.org/a/iaf/journl/y2022i3p12-20.html

Implementation of Digital Economy Tools in Statistical Analysis, Accounting and Audit

Author

Listed:
  • Iryna Kravchenko

    (National University of Food Technologies, Kyiv, Ukraine)

Abstract

Changes in the global economic paradigm motivate governments and private companies to implement the innovations of the fourth industrial revolution. The COVID-2019 pandemic also became a powerful catalyst for the digitization of management processes, which forced businesses and governments to look for remote opportunities to continue their professional activities and maintain the socio-economic well-being of the population. This article is devoted to revealing the prospects of introducing digital technologies into the statistical analysis, accounting and auditing system in the conditions of modern techno-globalism. A retrospective analysis of the development of the digital economy was carried out. The prerequisites for the digitization of management processes were considered. Global trends in the field of implementation of digital economy tools have been determined. The three most popular digital technologies in analysis, accounting and auditing are analyzed. It was revealed that many successful cases of digital technology implementation in accounting, analysis and auditing have already been implemented. The Big Four auditing companies are the leaders in such performance, and the top three technologies are artificial intelligence, cloud computing, and blockchain. Digital technologies provide: increasing the efficiency and speed of identifying and evaluating facts, their registration and generalization; a multipurpose grouping of data; reducing the probability of errors in the calculation process; accumulation and storage of large volumes of data; faster analysis of collected data and forecasting; better consistency of information; automation of online audits. In this regard, it is worth paying more attention to the qualification training of specialists in accounting, auditing and statistical analysis following the global conditions of techno-globalism. Along with traditional knowledge of accounting basics, future professionals will need skills to work with digital technologies.

Suggested Citation

  • Iryna Kravchenko, 2022. "Implementation of Digital Economy Tools in Statistical Analysis, Accounting and Audit," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 12-20, September.
    • Handle: RePEc:iaf:journl:y:2022:i:3:p:12-20
    DOI: 10.33146/2307-9878-2022-3(97)-12-20
    as

    Download full text from publisher

    File URL: http://www.afj.org.ua/pdf/921-perspektivi-vprovadzhennya-instrumentiv-cifrovoi-ekonomiki-v-sistemu-statistichnogo-analizu-buhgalterskogo-obliku-ta-auditu.pdf
    Download Restriction: no
    File URL: http://www.afj.org.ua/en/article/921/
    Download Restriction: no
    File URL: https://libkey.io/10.33146/2307-9878-2022-3(97)-12-20?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Sean Stein Smith, 2018. "Digitization and Financial Reporting – How Technology Innovation May Drive the Shift toward Continuous Accounting," Accounting and Finance Research, Sciedu Press, vol. 7(3), pages 240-240, August.
    2. Alnoor Bhimani, 2020. "Digital data and management accounting: why we need to rethink research methods," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 31(1), pages 9-23, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Volodymyr Lytvynenko & Yurii Burdym, 2025. "Digital Transformation of Agribusiness Enterprises' Financial Statement Audit," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 41-50, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ágnes Szukits, 2022. "The illusion of data-driven decision making – The mediating effect of digital orientation and controllers’ added value in explaining organizational implications of advanced analytics," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 33(3), pages 403-446, September.
    2. Adriana Tiron-Tudor & Delia Deliu, 2021. "Big Data’s Disruptive Effect on Job Profiles: Management Accountants’ Case Study," JRFM, MDPI, vol. 14(8), pages 1-26, August.
    3. Sinziana-Maria Rindasu & Ioan Dan Topor & Liliana Ionescu-Feleaga, 2023. "The Evolution of Management Accountants' Digital Skills in Industry 4.0: A Qualitative Approach," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 38-48, March.
    4. Broccardo, Laura & Tenucci, Andrea & Agarwal, Reeti & Alshibani, Safiya Mukhtar, 2024. "Steering digitalization and management control maturity in small and medium enterprises (SMEs)," Technological Forecasting and Social Change, Elsevier, vol. 204(C).
    5. Fabio Nappo & Alessandra Lardo & Maria Teresa Bianchi & Federico Schimperna, 2023. "The impact of digitalisation on professional football clubs," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2023(2), pages 117-136.
    6. Farrukh Zafar & Rabia Sabri & Hafiz Muhammad Ahmed Siddiqui & Iraj Masood, 2024. "Emerging Issues in Management Accounting: Digital Technologies, Governance, and Sustainability," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(1), pages 363-371.
    7. Jochen Fähndrich, 2023. "A literature review on the impact of digitalisation on management control," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 34(1), pages 9-65, March.
    8. repec:sdb:social:v:11:y:2022:i:2:p:1-15 is not listed on IDEAS
    9. Anca Antoaneta Vărzaru, 2022. "Assessing Digital Transformation of Cost Accounting Tools in Healthcare," IJERPH, MDPI, vol. 19(23), pages 1-18, November.
    10. Zoi Zografou, 2024. "The Contribution of Managerial Accounting Tools to the Operation of Businesses: Case Study of BIOKARPET S.A," Economics Working Papers 2024-02, University of South Bohemia in Ceske Budejovice, Faculty of Economics, revised 29 Apr 2024.
    11. Helmi Hentati & Neila Boulila Taktak, 2023. "Unlocking Technological Capabilities to Boost the Performance of Accounting Firms," Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 22(4), pages 631-656, December.
    12. Giorgio Gotti, 2024. "Discussion of ?Rethinking the academic accounting research model?," FINANCIAL REPORTING, FrancoAngeli Editore, vol. 2024(1), pages 23-26.
    13. Knudsen, Dan-Richard & Catasús, Bino & Kaarbøe, Katarina, 2025. "Epistemic control: A case study on managing relevance in a data-driven organization," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 102(C).
    14. Minna Saunila & Mina Nasiri & Juhani Ukko & Luca Gastaldi, 2025. "Managing Social Sustainability With IoT Implementation: An Industry 5.0 Perspective," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(4), pages 5327-5335, August.
    15. Mihaela Ionela Socoliuc, 2023. "The impact of digitalization on the accounting profession in Romania - a quantitative research," Journal of Financial Studies, Institute of Financial Studies, vol. 15(8), pages 132-154, December.
    16. Francesca Culasso & Elisa Giacosa & Edoardo Crocco & Daniele Giordino, 2023. "Modern day Management Accountants: A latent Dirichlet allocation investigation," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2023(2 Suppl.), pages 11-36.
    17. Wai Fong Chua, 2022. "Matters of concern and engaged research," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(4), pages 4615-4627, December.
    18. Viktorija Varaniūtė & Ineta Žičkutė & Akvilė Žandaravičiūtė, 2022. "The Changing Role of Management Accounting in Product Development: Directions to Digitalization, Sustainability, and Circularity," Sustainability, MDPI, vol. 14(8), pages 1-17, April.
    19. Masibulele Phesa & Mabutho Sibanda & Zamanguni Hariatah Gumede, 2024. "Assuring the chairperson’s statement in the integrated report An auditing framework to curb the use of impression management in corporate reporting," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 13(5), pages 663-683, July.
    20. Manuel García‐Nieto & Juan Manuel Ramón‐Jerónimo & Raquel Flórez‐López & María Segovia‐Villarreal, 2026. "The Impact of AI Automation, Blockchain and Big Data on Sustainability and Performance: A Management Control Perspective," Sustainable Development, John Wiley & Sons, Ltd., vol. 34(1), pages 1463-1476, February.
    21. Pantazi Anca Alexandra & Coman Elena Liliana, 2022. "Analysis of financial reporting in terms of costs for decision-making," Social-Economic Debates, Association for Entreprenorial Spirit Promotion, vol. 11(2), pages 9-24, Decembrie.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • P47 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Performance and Prospects

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2022:i:3:p:12-20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Serhii Ostapchuk (email available below). General contact details of provider: https://edirc.repec.org/data/iafkvua.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.