Digitalisation in Accounting

Abstract

This chapter synthesises and critically reviews the existing research on digitalisation in accounting, particularly artificial intelligence (AI) and blockchain technology (BT). Drawing on a systematic literature review, the author of this chapter attempts to identify the risks and opportunities associated with the development and use of digitalisation in the accounting profession. In this chapter, the author used Google Scholar, Scopus, and Web of Science databases as sources for article collection. The author collected a sample of 160 articles from 2010 to 2023 through keyword searches. He employed a thematic analysis and identified six themes (i.e., creativity and openness; strategic partnership; smart contract; information governance, transparency, and trust; social, economic, and regulatory issues; and audit practices). The findings of this chapter are consistent with the theory of disruptive innovation. The findings reveal that AI and BT are disruptive technologies that will evolve over the years and, hence, disrupt and transform the business landscape.