Application of Digital Technologies in Accounting and Auditing at Enterprises of Ukraine

Abstract

The rating of Ukraine among European countries in the field of digitalization of economic processes is high. Ukraine has chosen the path of maximum digitization of the national economy. To ensure successful economic activity at Ukrainian enterprises, it is important to introduce and use digital technologies in accounting and auditing. In the practice of accounting, a number of digital technologies are used, each of which has its own advantages and disadvantages. When choosing one or another digital technology, the management apparatus of enterprises takes into account its capabilities and peculiarities of activity. The relevance of the work lies in the importance of introducing digitization of accounting and auditing processes to facilitate the monotonous and uniform work of enterprises and to minimize errors in documents and reporting. The purpose of the article is to study the peculiarities of the use of digital technologies in accounting and auditing at enterprises of Ukraine. When writing the article, general scientific and specific methods were used, among which preference was given to the following: analysis, comparison, observation, synthesis, generalization, abstraction, induction, deduction, graphic. Based on the results of the research, the main types of digital technologies used by Ukrainian enterprises in accounting and auditing were identified, and the specifics of their use were determined. The paper analyzes the level of use of various types of digital technologies in accounting and auditing, outlines their advantages and disadvantages. Statistical data on the use of cloud technologies in accounting and technologies for working with large data sets at enterprises of Ukraine in 2018-2021 were analyzed. Conclusions were made regarding the prospects of using digital technologies in accounting and auditing at Ukrainian enterprises. The practical significance of the obtained results lies in the application of the block diagram by Ukrainian enterprises, which will help in choosing the implementation of a particular digital technology in the enterprise's activities. The manager will be able to familiarize himself with the advantages and disadvantages of each digital technology and make the optimal decision

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“…Omol (2023) denotes that digital transformation serves as a catalyst for change management and the transformation of businesses. With digital transformation comes the revamping of the business model with digital tools being introduced (Tenyukh et al, 2022). This means that the entire structure of the PE firm is digitalized with everything undergoing change which results in improved output, better experiences, and a surge in the revenue streams.…”

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“…According to A.M. Rozario & C. Thomas (2019) and Z. Tenyukh et al (2022), blockchain, associated with the latest digital technologies and applications, can completely change the audit process by modifying the way the auditor accesses data, collects evidence and analyses data. When applying this technology, the auditor will have the opportunity to automatically process large arrays of information and direct efforts to verify more complex operations.…”

Strategic forecasts for circular economy transition: Evaluation of the role of technology in economic development

“…Substantial growth of the global population and annual expansion significantly increase the usage of Earth's resources, exceeding its regenerative limits. The Internet of Things (IoT), Big Data, artificial intelligence (AI), 3D printing, and blockchain, are substantial in augmenting the circular economy (Tenyukh et al, 2022).…”